Prep for Prep

“The trustees frank bynum, frank loverro and sandy osborne have a shared ownership interest in kelso & company, inc. The following trustees are associated with the same organization: sue meng is a partner of debevoise & plimpton; john hall is of counsel. Martin lipton, jonathan moses, jeannemarie o'brien, and karessa cain are partners of wachtell, lipton, rosen & katz,”

“The league's 990 will be reviewed by the svps, legal counsel,audit committee and board.”

“Annually, human resources requests that each employee reviewed and signed the policy. In addition, please note that self-disclosure and the review of contracts before approval helps monitor and enforce the policy.”

“Ceo compensation is approved by a board compensation committee. And the staff members' compensations are reveiwed by hr and ceo. Lastly, the league does not have any officers or key employees that are paid. Ceo is the only staff person who is on the board. There are no other key employees. The other high level staff members listed above are not key employees. However, they lead and manage our departments. But they do not have the overall organizational responsibilities, powers or influence over the total organization that ceo and the trustees have.”

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

“Prep students, alumni, and supporters volunteer to help advance prep's mission. Volunteer opportunities are wide-ranging: prep students, parents, and alumni provide support to the prep admissions office, working with prospective applicants and their parents/guardians during the recruitment and application process; prep students who have completed at least 8th grade in their independent schools serve as volunteers during the preparatory component summer session by assisting with attendance and the collection and distribution of lunches, books and notices. (approximately 110 volunteers support admissions and preparatory component each year.) volunteers also facilitate professional advancement initiatives that expose prep high school and undergraduate students to a range of career options they might not otherwise have considered. These initiatives include summer internships, prep's arts academy and prep's institute for entrepreneurship (ife). Prep alums, employees of partnering firms, trustees, associates council members, and donors help prepare students by conducting mock job interviews. For ife, volunteers from these groups serve as business plan advisors and final competition judges. Prep also uses volunteers to serve as career seminar series panelists. (as many as 300 volunteers support professional advancement each year.) members of the board of trustees and associates council volunteer their time and professional experience to leverage their contacts and advise the organization. (total of 123 trustees and council members participated during fy22.) in addition, our alumni council drives participation in volunteer engagement activities for the benefit of prep, our students, and our entire alumni community, including five active alumni affinity groups.”

“Investment expenses of $46,350 are included in part xi, line 2”