Park School Corporation

“Board members sean abdur rahim and nadia fenton-rahim have a family relationship.”

“All parents of children in attendance at the park school are members of the corporation during such period of attendance. Additionally, individuals with long-standing connection to the school may be invited to be members of the corporation by the head of school.”

“The school's controller and assistant head of school for finance & operations are responsible for overseeing the preparation of irs form 990 (990). The 990 and its supporting schedules were prepared by the public accounting firm aafcpas, inc. Aafcpas, inc. Is responsible for auditing the school's financial statements. Aafcpas' work was based on information provided to them during the course of the audit by the school's business office and additional work requested specific to the 990. The controller and the assistant head of school for finance & operations performed a detailed review of the completed 990, reviewed the 990 with the audit and risk committee of the board of trustees, and provided a copy of the return to the board of trustees prior to filing the 990.”

“Each member of the board of trustees is required to disclose at the first board meeting of each year any existing or potential conflict of interest. The board of trustees may also provide for such corrective action as it deems appropriate by reason of a failure to disclose such conflict of interest, which may include removal from a position or office. Disclosure forms shall be updated annually or sooner if changed circumstances require disclosure. All persons subject to this policy are expected to update their annual statement regarding conflict of interest at any time during the year that the information requested on the form changes. The administration and maintenance of the annual statement regarding conflict of interest shall be the responsibility of the chair of the board of trustees, or his/her designee.”

“The committee of trustees initially determines compensation for the head of school. Proposed compensation is then reviewed and approved by the entire board of trustees. Compensation for other key employees is determined by the head of school. The board of trustees votes to approve total compensation expense on an annual basis prior to the distribution of employment contracts.”

“The governing documents, conflict of interest policy, financial statements and form 990 are immediately made available to the public by calling the school's office, walking into the school's office or mailing in a request to the school. The form 990 and financial statements are also available through the massachusetts attorney general's office/website. Additionally, the financial statements are available to the public on the electronic municipal market access website.”

“Provision for credit losses -33,015.”

“This process has not changed from the prior year.”