Stepinac High School Foundation Inc.

“Stepinac high school foundation inc. Has its 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. When the form 990 has been prepared, and is ready to be filed with the internal revenue service, it is electronically sent to the board treasurer and president of the organization for any comments and approval.”

“The organization is in the process of adopting a written conflict of interest policy. The proposed conflict of interest policy applies to trustees, officers or committee members. Each trustee, officer and committee member is required to complete, sign and submit to the board president a statement at the beginning of each school year affirming their understanding of the policy. If a conflict of interest should arise, a person may make a presentation at the board or committee meeting, but after the presentation, he/she shall leave the meeting during the discussion of, and the vote on the transaction, arrangement or other matter involving the possible conflict of interest. The minutes of the board and all committees shall contain: the names of the persons who disclosed or otherwise were found to have a financial or other interest in connection with an actual or possible conflict of interest, the nature of the financial or other interest, any action taken to determine whether a conflict of interest was present, and the board's or committee's decision as to whether a conflict of interest, in fact, existed. The names of the persons who were present for discussions and votes relating to the foregoing, the content of the discussion, including any alternatives to the proposed transaction or arrangement, if appropriate, and a record of any votes taken in connection with the proceedings.”

“The organization's form 990 is available for public inspection as required under section 6104 of the internal revenue code. It is posted on guidestar.org and other similar types of websites. In addition, the financial statements, articles of incorporation and by-laws are also available upon written request by contacting the foundation at (914) 946-4800.”

“Recovery of doubtful accounts 102,778.”

“The organization's board assumes responsibility for the oversight of the audit of its financial statements and selection of its independent auditor. The policy for selection and oversight of the independent auditors has not changed since last year.”