Brookline High School 21St Century

“The annual form 990 is prepared by the independent accountant, reviewed and signed by the Treasurer or Assitant Treasurer. The Form 990 is also presented to the audit and finance committee. The form 990 is available for review by the Public in the office of the Fund.”

“The policy of the Fund with respect to conflicts of interest requires that directors, officers and all employees avoid any actual or potential conflict between their personal interest (including the interests of other persons and organizations with whom the director, officer or employee has a personal or business relationship) and the interests of the Fund in dealing with organization or individuals doing or seeking to do business with the Fund. In any financial transaction or other matter in which a director, officer or employee may have a potential or actual conflicting relationship, the relationship shall be disclosed to all persons charged with responsilibity for approving the transaction and such director, officer, or employee must recuse themselves from participation in discussion, approvals or votes on such transactions. In furtherance of this policy, the Fund requires that all directors, officers and employees annually review this policy, not later than June 30 of each year. The Fund further requires that all directors, officers, and employees disclose any potential or known conflicts and comunicate such disclosures to the board of directors prior to any approval, vote, or other action on any financial transaction or other matter identified by board members.”

“Compensation of employees is included in the annual budgeting process. Salary recommendations are made by the Treasurer and the audit and finance committee. Approval of compensation changes is made by the chair and executive committee.”

“Compensation of employees is included in the annual budgeting process. Salary recommendations are made by the Treasurer and the audit and finance committee. Approval of compensation changes is made by the chair and executive committee.”

“The governing documents, policies, form 990 and annual financial statements of the Fund are made available to the public for review in the offices of the Fund and on its website.”

“The amended Form 990 is being filed to correct an error in the initial determination of the collectability of a pledge receivable. Originally, a pledge of $15,000 was written off as uncollectible as of the fiscal year ending June 30, 2024. However, after filing the original Form 990, it was determined that the pledge was, in fact, fully collectible, and the amount was subsequently received from the donor. This amendment reflects the pledge as a collectible asset, reversing the previously recorded write-off of uncollectible pledges receivable by the $15,000 amount. The amended filing is intended to provide accurate financial information regarding the organizations pledges receivable and ensure the integrity of reported financial data on the Form 990.”

“Form 990, page 1, Box C, Doing business as: The Brookline High School Innovation Fund.”