Brooklyn Heights Montessori School

“The organization amended its by-laws during the fiscal year 2024 and the following changes were made: 1. The board of trustees will consist of not less than 8 and no more than 26 persons.”

“The school has it's form 990 prepared by an outside accounting firm and has established the following review process to ensure that the information reported is complete and accurate. After the form 990 has been prepared, the form 990 is reviewed by the finance chair, board president, and head of school. Any comments or changes are addressed until the return is finalized and approved for filing.”

“Each trustee and designated employee must annually complete a form acknowledging that he/she has read the conflict of interest policy and any actual or potential conflict of which he/she is aware. A "designated employee" is an individual who is an employee of the school and plays a decision-making role and is privy to confidential information regarding the school, its employees, and/or its current or former students or prospective students. This form will be delivered to and read by the head of school, the president of the brooklyn heights montessori school board of trustees, and the audit committee chair who have discretion as to whether to share the information with the board's executive committee. The head of the school, the board president and the audit committee chair will also determine whether any conflict identified above requires disclosure to, and waiver by, the board of trustees as required upon the conflict of interest policy. The restrictions imposed in situations of potential conflict include, but are not limited to abstinence from discussion or votes in area of conflict. The head of the school must regularly inform the audit committee and the board president of conflicts disclosed to the head of school, and transactions approved under this policy.”

“The head of the school's compensation is determined as follows: the executive committee decides the head of school's salary. Compensation data is compiled using compensation survey and data from form 990s of other similar organizations and reviewed by the executive committee of the board of trustees. Deliberations are recorded in the minutes and written employment contracts are provided for all employees. This process was last undertaken in spring 2024 for fiscal year 2025. The full board decides the annual increase on the budgeted salaries for all faculty and staff, but the head of school has the authority to adjust the cfo's salary beyond the annual increase which is reviewed by looking at the salary benchmarking and data from other independent schools.”

“The school's form 990 is available for public inspection as required under section 6104 of the internal revenue code. It is available on guidestar.org and other similar websites. In addition, the financial statements, conflict of interest policy, form 990, and by-laws are also available upon written request or by calling the chief financial officer at the school.”

“The board of trustees assumes responsibility for the oversight of the audit of its financial statements and selection of its independent auditor. The policy for the selection and oversight of the independent auditors has not changed from prior year.”