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.”

“Consultants: program service expenses 40,944. Management and general expenses 103,237. Fundraising expenses 13,069. Total expenses 157,250. Contract labor: program service expenses 70,340. Management and general expenses 775. Fundraising expenses 2,626. Total expenses 73,741.”

“Copyright licensing fees: program service expenses 33,209. Management and general expenses 118,464. Fundraising expenses 2,177. Total expenses 153,850. Student awards and participation: program service expenses 117,440. Management and general expenses 2,330. Fundraising expenses 0. Total expenses 119,770. Rentals: program service expenses 58,697. Management and general expenses 3,155. Fundraising expenses 4,104. Total expenses 65,956. Institutional memberships: program service expenses 7,423. Management and general expenses 45,600. Fundraising expenses 99. Total expenses 53,122. Vehicles, gas and registration: program service expenses 42,992. Management and general expenses 5,325. Fundraising expenses 858. Total expenses 49,175. Furniture and equipment: program service expenses 34,757. Management and general expenses 8,066. Fundraising expenses 1,083. Total expenses 43,906. Employee recruitment: program service expenses 5,513. Management and general expenses 25,233. Fundraising expenses 269. Total expenses 31,015. Subscriptions and dues: program service expenses 16,059. Management and general expenses 4,805. Fundraising expenses 437. Total expenses 21,301. Bank and bond fees: program service expenses 3,776. Management and general expenses 2,811. Fundraising expenses 8,750. Total expenses 15,337. Cost of goods sold: program service expenses 5,202. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,202. Safety and security: program service expenses 3,072. Management and general expenses 825. Fundraising expenses 335. Total expenses 4,232. Tuition reimbursement: program service expenses 1,540. Management and general expenses 1,540. Fundraising expenses 0. Total expenses 3,080. Design and production: program service expenses 1,800. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,800. Testing: program service expenses 655. Management and general expenses 0. Fundraising expenses 0. Total expenses 655. Bad debt and allowance adjustment: program service expenses 0. Management and general expenses -603. Fundraising expenses -29,553. Total expenses -30,156.”

“Change in present value of planned gifts -1,156. Change in value of interest rate swap -422,086.”