The Waldorf School Inc

“There are no committees that hold the authority to act on behalf of the board of directors.”

“The final draft of form 990, except for schedule b due to confidentiality reasons, has been distributed to all board members in hard copy or email prior to its filing. Questions and clarifications can be directed toward the finance director, treasurer, or finance committee members prior to the filing date. A board resolution is not required in order for the form 990 to be filed. The board of directors has delegated the responsibility for reviewing the 990 to the finance committee. The form 990 and all required supplemental schedules, except for schedule b due to confidentiality reasons, have been reviewed for completeness and accuracy by the finance committee prior to its filing.”

“Each trustee and officer annually completes a disclosure form identifying any relationships, positions or circumstances in which the trustee is involved that he or she believes could contribute to a conflict of interest arising. Such relationships, positions or circumstances might include service as a director of or consultant to a nonprofit organization, or ownership of a business that might provide goods or services to the waldorf school inc. Any such information regarding business interests of a responsible person or a family member shall be treated as confidential and shall generally be made available only to the chair, the school director, and any committee appointed to address conflicts of interest, except to the extent additional disclosure is necessary in connection with the implementation of this policy. Any individuals with identified conflicts of interest do not participate in dicussions or votes with respect to those matters, nor are they permitted to exert influence on any voting member regarding those matters. This policy is applicable to all officers and trustees.”

“The compensation policy states that the process includes the following elements: (1) review and approval: the compensation of the person is reviewed and approved by the board of trustees or compensation committee of the waldorf school inc, provided that persons with conflicts of interest with respect to the compensation arrangement at issue are not involved in this review and approval. (2) use of data as to comparable compensation: the compensation of the person is reviewed and approved using data as to comparable compensation for similarly qualified persons in functionally comparable positions at similarly situated organizations. (3)contemporaneous documentation and recordkeeping: there is contemporaneous documentation and recordkeeping with respect to the deliberations and decisions regarding the compensation arrangement. This process was performed during the current fiscal year for the positions of the school director and finance and administration director.”

“Upon request, these documents are made available in the school's main business office.”

“The school's audit and finance committee assumes responsibility for oversight of the audit of the financial statements of the school and selection of the independent accountants. This process has not changed from the prior year.”