Concord Christian Academy

“Ben Hiers and Caleb Kirby both served on the Academy's Board of Trustees during the period covered by this Form 990. Mr. Hiers and Mr. Kirby also share a business relationship outside of their service on this Board.”

“The organization has provided a complete copy of Form 990 to all members for their review and approval prior to filing.”

“Any possible conflict of interest on the part of any member of the board, officer or employee of the Organization, shall be disclosed in writing to the board and made a matter of record through an annual procedure complying with all requirements of New Hampshire law and also when the interest involves a specific issue before the board. Each Trustee, Officer, or Committee member shall have an affirmative duty to disclose to the Academy each transaction with the Academy that would be a Pecuniary Benefit Transaction (as defined by RSA 7:19-a) as to that Officer, Trustee, or Committee member, and shall be prohibited from participating in the discussion or voting on the transaction. The Academy shall enter into Pecuniary Benefit Transactions only in accordance with the applicable provisions of RSA 7:19-a, as they may exist from time to time. The Trustees may develop and adopt further policies regarding Conflict of Interest, consistent with this section and the law of New Hampshire and of the United States.”

“Compensation for the Operating Officer, School Director and Headmaster are determined by the board using comparable data. At such time as the Board of Trustees decides to compensate its officers, the Board shall establish and maintain a Compensation Committee. The Compensation Committee shall review and approve corporate goals with respect to officer compensation; evaluate officer performance; determining the officer compensation level either as a committee or together with independent Trustees; making recommendations concerning incentive-compensation plans, producing a compensation committee report, and perform such other duties as the Board may determine from time to time. The Compensation Committee shall recommend compensation arrangements based on information about compensation aid by similarly situation taxable or tax-exempt organizations for similar services, current compensation surveys compiled by independent firms, or actual written offers from similarly situated organizations. The Compensation Committee shall record in writing both the information, as described in the preceding sentence, on which it relies to base the decision regarding compensation and its source. Compensation includes salary or wages, deferred compensation, retirement benefits, whether in the form of a qualified or non-qualified employee plan (pensions or annuities), bonuses, fringe benefits (including personal vehicle, meals, lodging, personal and family educational benefits, low interest loans, payment of personal travel, entertainment, or other expenses, athletic or country club membership, and personal use of the Academy's property).”

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

“Timing differences in recognition of raffle income 9,397.”

“The audit process has not changed from the prior year.”