The Rectory School Inc

“There are no committees with the authority to act on behalf of the board.”

“The form 990 is reviewed and approved by the finance committee prior to being presented to the full board for its review and approval. The appropriate officer of the school is informed of the approval and the form is filed electronically.”

“The identification and successful resolution of conflicts and potential conflicts depends on complete and timely disclosure. Disclosure will occur through an annual written statement and the notification to the board chair of other actual or potential conflicts, as they arise. All financial and material facts relating to potential conflict of interests shall be disclosed. Annually, each board and committee member shall sign and file a disclosure statement that shall be kept with the records of the board. Prior to appointment, all future board and committee members shall do likewise. Signing of a disclosure statement acknowledges that a person has received, read and understands, and complies with the policy as it relates to membership on and actions of the board and committees. Disclosure statements shall be reviewed by the executive committee which shall recommend action by the board, if necessary. Whenever a potential conflict arises that has not been identified on a disclosure form, it shall be disclosed to the chair of to the executive committee in a timely fashion, and made a part of the record of the board. Whenever necessary, the board shall take appropriate action with respect to persons who are in violation of this policy. If the board has reasonable cause to believe that a member of the board or a committee has failed to disclose actual or potential conflicts, either in writing or, at a later date, to the chair, it shall inform the person of its belief and afford the person an opportunity to provide an explanation. If, after hearing the explanation of the person and making further investigation deemed necessary under the circumstances, it is decided that the person failed to disclose in a proper fashion the actual or potential conflict, the board shall take appropriate corrective or disciplinary action. The board, through its executive committee, shall undertake periodic reviews to determine compliance with this policy. It shall report its findings to the full board and include recommendations for revision, where necessary.”

“The school's executive committee reviews the salary and benefits of the head of school in comparison to the salaries of the heads of schools of similar size in conjunction with guidance from independent consultants and compensation surveys. The head of school's contract is presented to the board for overall approval. This process was last undertaken in august, 2022, resulting in a new 4 year employment agreement. On an annual basis, the head of school and the executive committee review the salary of the chief financial officer in comparison to the salaries of individuals in similar positions at peer schools. The process described here was last completed in 2024.”

“The school's governing documents, conflict of interest policy and financial statements are available upon request.”

“Provision for uncollectible pledges -59,500.”

“The organization did not change its oversight process or selection process during the tax year.”