New Interdisciplinary School Inc.

“The form 990 was prepared by an independent accounting firm in conjunction with the organization's financial department. A copy of the draft form 990 was circulated to the full board of trustees in either paper or electronic form for discussion and comment. Each board member was provided ample opportunity to comment on the information contained in the 990 prior to its filing with the internal revenue service.”

“The new interdisciplinary school operates in conjunction with its related party, the independent group home living program and utilizes many of the same policies and procedures. The conflict of interest policy and annual disclosure forms are distributed to all board members, officers and management staff. Each individual is required to sign and review the disclosure form and provide information about and relationships they have with nis or any related parties, other employees, and/or vendors that conduct business with nis. All submissions are reviewed by human resources to determine if a conflict exists, when a conflict arises, the individuals affected are prohibited from participating in the decision-making process related to any transaction occurring with the conflicted organization.”

“Executive director: executive director, jay silverstein, is compensated by the new interdisciplinary school ("nis"). Nis undertakes a thorough process to ensure that the compensation it pays to its executive director is commensurate with salaries paid by other schools in the same geographic area. Compensation is determined by a compensation committee of the board of directors (comprised of independent persons) and the decision-making process is memorialized in committee minutes. The organization regularly commissions an independent compensation study; the last survey was completed in 2019. Ceo: nis does not compensate the organization's ceo, walter stockton. Ighl, an affiliate of the reporting organization, paid compensation to the ceo. Ighl has established his compensation using: independent compensation consultant, form 990 tax returns of other organizations, compensation surveys or study, and approval by the board of directors or compensation committee. Ighl has written employment agreements in place for him, which outlines compensation including all forms of wages and fringe benefits. Ighl uses an outside independent accounting consultant firm with expertise in the not-for-profit industry to perform compensation analyses of the executive positions. The compensation analysis includes compensation surveys of comparable positions based upon the compensation and fringe benefits reported on the 990 tax returns for comparable agencies in the industry. The results of the compensation analysis are presented to the board of directors, who review the analysis to determine appropriate compensation levels and ensure compliance with the due diligence guidelines as outlined in irc 4958. The basis for its determination and all decisions made are contemporaneously documented in meeting minutes. The organization regularly commissions an independent compensation study; the last survey was completed in 2019.”

“Nis does not compensate the organization's cfo, mary beth lichtneger. Ighl, an affiliate of the reporting organization, paid compensation to the cfo. Ighl has established her compensation using: independent compensation consultant, form 990 tax returns of other organizations, compensation surveys or study, and approval by the board of directors or compensation committee. Ighl has written employment agreements in place for her, which outlines compensation including all forms of wages and fringe benefits. Ighl uses an outside independent accounting consultant firm with expertise in the not-for-profit industry to perform compensation analyses of the executive positions. The compensation analysis includes compensation surveys of comparable positions based upon the compensation and fringe benefits reported on the 990 tax returns for comparable agencies in the industry. The results of the compensation analysis are presented to the board of directors, who review the analysis to determine appropriate compensation levels and ensure compliance with the due diligence guidelines as outlined in irc 4958. The basis for its determination and all decisions made are contemporaneously documented in meeting minutes. The organization regularly commissions an independent compensation study; the last survey was completed in 2019.”

“Upon request, the organization will make available only those documents required to be disclosed under the public inspection laws.”