Brunswick School Inc.

“The school has its form 990 prepared by an outside accounting firm. It is then reviewed by the school's chief financial officer before being reviewed by the treasurer of the board of trustees. This review is discussed at the audit/finance committee meeting and the board of trustees meeting and is documented in the minutes. The completed form 990 is made available to all members of the board of trustees prior to filing.”

“Each person serving as a trustee, officer or key employee of brunswick school shall annually complete the conflict of interest disclosure form, identifying any relationships, positions or circumstances in which the person and/or his or her immediate family is involved that he or she believes could give rise to a conflict of interest. The chair of the board of trustees and the head of school shall review each disclosure form and determine if a conflict exists. If a conflict of interest is determined to exist it shall be disclosed to the board of trustees, or its audit and finance committee, and made a matter of record through an approved procedure. The prior approval of the board of trustees or audit and finance committee shall be required for any business arrangement or transaction involving a trustee or key employee which may constitute a conflict of interest. Approval shall be granted only if the arrangement or transaction is fully disclosed and is determined to be on terms which are fair to and in the best interests of brunswick school. Any trustee having a conflict of interest shall not vote or use his or her personal influence on the matter, and shall not be counted in determining the quorum for the board or committee meeting.”

“The compensation committee of the board of trustees (comprised of trustees with no conflicts of interest with regard to individuals under review) hires a consultant every year to review comparable packages for the head of school, the chief financial officer("cfo"), and the chief advancement officer("cao"). The consultant presents data for comparable positions both locally and nationally, including forms 990 of other organizations and compensation studies/surveys. The compensation committee makes the final decision of the performance-based compensation of the head of school for current year and sets the annual salary for the following year, assuming continuation of employment. The decision is documented. The head of school determines the compensation of the cfo, the cao and other employees based on experience, current performance and comparable local and national positions using nais statistics and comparable local and national data using available statistics. The committee ensure the cfo and cao compensation is fair and reasonable compared to the consultant's data.”

“The organization makes its governing documents, conflict of interest policy, & financial statements available to the public upon request.”

“Through a rich and rigorous college preparatory curriculum, the school strives for the fullest intellectual development of every young man. The school's academic programs seek to instill in each student a desire to learn, to challenge each boy to fulfill his own unique potential, to foster critical thinking skills and to develop the creative and independent qualities of mind necessary for intellectual maturity and increased self-confidence. The school also believes that a complete education must include lessons that take place outside the classroom. Through athletics, arts and service to the community, every student is encouraged to develop his talents to the fullest, to understand the obligation to share them generously, to take risks to ensure growth and to refuse to accept a narrow definition of himself. And as its young men grow in an atmosphere of trust, care and mutual respect, the school accepts that its overriding objective is to foster the development of strong character. The school strives to instill in its students the values of honesty, integrity, compassion and tolerance and to develop in each student a sense of responsibility to himself, to those around him, to the school community and to the greater society. The school believes, above all else, that it is the strength of a young man's character and the depth of his spirit that determine and define all genuine and lasting success.”

“Gain on bond refunding & issuance 1,125,194.”

“The finance committee of the organization assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant. This process did not change from the prior year.”