Valor Christian Schools

“Kylee lourie and kevin mcvaney have a family relationship (brother/sister).”

“In its bylaws, the organization implemented a class of voting members, which consists of eight individuals. See the schedule o narrative for part vi, line 7b for a description of the rights and authority of the voting members.”

“The organization has one class of voting members, which consists of eight individuals.”

“The voting members have the authority to appoint or remove any director of the governing body, the chair of the board, or the president (upon recommendation of the board of directors).”

“The following actions require approval of the voting members: 1. Appointing or removing any director. 2. Appointing or removing the chair of the board. 3. Appointing or removing the president upon the recommendation of the board of directors. 4. Amending the corporation's articles of incorporation and bylaws. 5. Approve amendments to the valor christian vision, mission and motto, the valor christian statement of beliefs, and the valor christian community policy, upon the recommendation by the board of directors. 6. Executing any instrument of debt or collateralization. 7. Entering into construction contract in excess of $5,000,000. 8. Buying or selling real property.”

“All board members receive a copy of the form 990, with the exception of the schedule of contributors, to review in advance and before the form 990 is filed. The tax return preparer presents the form 990 to the audit committee for a detailed review. The organization maintains a highly confidential posture in regards to its schedule of contributors. As a school, the dynamics between donors, parents, faculty and staff can be concerning when knowledge of donor giving is present. We have determined it is in the best interest of the organization to maintain a confidential posture towards disclosure of contributors. The schedule of contributors is prepared by the organization's finance manager and is reviewed by the cfo, ceo, board chair and tax return preparer only.”

“On an annual basis, each board member signs a copy of the conflict of interest policy affirming that he has received the conflict of interest policy and has disclosed whether any conflicts of interest exist. It is the duty of each board member to disclose whether any conflicts of interest exist when the board is considering a proposed transaction or arrangement. If any conflicts of interest exist, the board member recuses himself from the meeting. The remaining board members discuss the proposed transaction or arrangement and vote whether it is in the best interest of the organization to continue with the proposed transaction or arrangement that gave rise to the conflict of interest or whether it should pursue a similar transaction or arrangement that would not give rise to a conflict of interest.”

“Compensation is determined for the ceo by the governance committee of the board of education. The governance committee is responsible for overseeing and reviewing the compensation for the ceo using comparative data from similarly situated private independent schools based on size and complexity on a national basis. Appropriate documentation of the compensation process is maintained for the ceo.”

“The organization does not make its governing documents, conflict of interest policy, or financial statements available to the public.”

“The oversight process or selection process has not changed from the previous year during the current tax year.”