Noble and Greenough School

“The board of trustees is notified via email that a public disclosure copy of the form 990 is available. Trustees are expected to review the form 990 before it is filed with the irs.”

“The school's conflict of interest policy is mailed to all officers, directors and trustees, and reviewed orally at the first board meeting of each school year. All officers, directors, and trustees are required to sign a document indicating they have read and understand the school's conflict of interest policy. They are also required to disclose any potential conflicts of interest either before or during the first board meeting of each school year. The committee consisting of trustees reviews all disclosures. Officers, directors, and trustees are reminded that they have an obligation to update their disclosures if any potential conflicts of interest arise during the year. Typically, they self-report any potential conflicts that arise but if another board member becomes aware of potential conflict, he or she is asked to raise it with the officer, director, or trustee and a member of the committee on trustees.”

“There is a compensation committee as well as an independent consultant who carefully review surveys and other comparative information in determining compensation for the head of school. The compensation committee is appointed by the board of trustees. There are written employment letters for all faculty and administrative positions at the school. These are reviewed, updated, distributed and signed annually. Salaries for all faculty and administrative positions are determined within the band of typical salary increase rates based on the head of school's observed performance, regular evaluation processes, and any changes in responsibilities. For the compensation review for the other officers and key employees, the school uses data from school groups at the local and national level.”

“The school makes its governing documents, conflict of interest policy, financial statements, and form 990 available to the general public upon request for the same period of disclosure as set forth in section 6104(d). If an interested party asks for these documents, the cfoo will make a decision about distribution. The school's form 990 without schedule b is made available via candid formerly known as guidestar and the massachusetts attorney general's website.”

“Change in value of split interest agreements 648,579. Recovery for uncollectible accounts -260,727.”

“This is an estimate of the core group of parents who volunteer in the library and also participate regularly in the parent association. There are parent volunteers on an irregular basis. For example, every other year there are parents who volunteer a couple hours at the school's yard sale. This estimate also includes the number of board members who volunteer their time on the school's board without compensation.”