Crossroads Academy

“The Form 990 is prepared with the assistance of an independent CPA firm. The CPA firm coordinates with key officers and finance personnel of the Organization to prepare and review a draft of the Form 990 prior to its filing with the IRS. As these individuals consider the drafted Form 990, they are given the opportunity to ask questions and to address any concerns with the tax filing or otherwise. The engaged accountant will only file the Form 990 with the IRS after receiving approval from the Organization's key officers and Board that the return is complete, and only after the accountant feels that the Form 990 is accurate based on the available information.”

“Each board member certifies compliance with Crossroad's conflict of interest policy annually.”

“When determining the Head of School's compensation and benefits, the Executive Committee of the Board will research appropriate compensation data and undertake an evaluation of the Executive's performance. The Board and Committee will also review at length the responsibilities of the Head of School, as detailed in their underlying contract and job description, in conjunction with market-research on salaries for other Heads of School within comparable independent schools provided by the Independent School Association of Northern New England (ISANNE) and the National Association of Independent Schools (NAIS). The Board and Committee considers such information alongside published salaries for public school superintendents, public school principals, and other comparable administrators. Through this analysis and with their professional judgement, the Board will arrive at a reasonable and appropriate level of compensation for the Academy's Head of School's salary which is commensurate with their responsibilities and experience. When determining, reviewing, and approving the salary of the Academy's Business Manager, the Head of School will consider the Manager's proposed salary as compared to compensation survey results distributed by ISANNE and NAIS annually, when such data is available. The Head of School will then confirm if such salary and benefits is reasonable based upon these benchmarks and in conjunction with the Manager's actual performance and job responsibilities. The Head of School includes the Business Manager's salary in the annual budget, which is provided annually to the Board for its approval.”

“The Organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request to the extent required by applicable law.”

“The audit process and its review procedures were unchanged since the prior tax year. Specifically, the audit was subject to the review and oversight of the Organization's Executive Director, finance and audit committees, and key financial and business personnel within the Organization. Additionally, the Organization's audited financial statements and Form 990 are subject to review by the Organization's independent Board of Trustees prior to their issuance.”