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 board reviews the completed conflicts of interest questionnaires and votes on whether or not they are acceptable. 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, and they go through a presentation with school council.”

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

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

“Copyright licensing fees: program service expenses 35,322. Management and general expenses 119,702. Fundraising expenses 4,265. Total expenses 159,289. Repairs and maintenance: program service expenses 137,596. Management and general expenses 2,077. Fundraising expenses 0. Total expenses 139,673. Bank and bond fees: program service expenses 120. Management and general expenses 117,581. Fundraising expenses 8,189. Total expenses 125,890. Bad debt and allowance adjustment: program service expenses 0. Management and general expenses 6,566. Fundraising expenses 104,920. Total expenses 111,486. Student awards and participation: program service expenses 93,481. Management and general expenses 0. Fundraising expenses 221. Total expenses 93,702. Rentals: program service expenses 61,228. Management and general expenses 1,000. Fundraising expenses 4,242. Total expenses 66,470. Furniture and equipment: program service expenses 58,419. Management and general expenses 6,217. Fundraising expenses 0. Total expenses 64,636. Institutional memberships: program service expenses 9,705. Management and general expenses 39,129. Fundraising expenses 0. Total expenses 48,834. Telephone: program service expenses 0. Management and general expenses 47,791. Fundraising expenses 0. Total expenses 47,791. Vehicles, gas and registration: program service expenses 42,457. Management and general expenses 2,837. Fundraising expenses 0. Total expenses 45,294. Employee recruitment: program service expenses 5,184. Management and general expenses 25,643. Fundraising expenses 124. Total expenses 30,951. Subscriptions and dues: program service expenses 10,282. Management and general expenses 2,853. Fundraising expenses 680. Total expenses 13,815. Tuition reimbursement: program service expenses 10,134. Management and general expenses 0. Fundraising expenses 0. Total expenses 10,134. Cost of goods sold: program service expenses 0. Management and general expenses 6,350. Fundraising expenses 0. Total expenses 6,350. Safety and security: program service expenses 4,443. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,443. Design and production: program service expenses 1,800. Management and general expenses 0. Fundraising expenses 1,275. Total expenses 3,075. Testing: program service expenses 655. Management and general expenses 0. Fundraising expenses 0. Total expenses 655.”

“Change in present value of planned gifts -1,915. Gains and losses on stock sales 166. Unrealized gain on interest rate swap 152,572.”

“There have been no changes from the prior year.”