Eastern Christian School Association

“Members of the eastern christian school association must hold membership in a church of reformed persuasion; submit to the reformed theological standards and give annually to the association; associate members of the association do not meet the requirements for membership but are the parent of a student currently enrolled in eastern christian school in grades preschool-12.”

“Members of the association elect one or more members of the board of directors annually.”

“Members of the association and associate members of the association may vote on the school budget as recommended annually by the board of directors. Members of the association vote annually on a slate of directors as nominated by the board of directors and all recommended changes to the school's bylaws as recommended by the board of directors. School's bylaws as recommended by the board of directors.”

“A copy of the association's 990 was provided to the executive director for review with the executive committee of the school board.”

“All payments and contracts are reviewed by individuals with knowlege of officer and director relationships for potential conflicts of interest.”

“The executive director's compensation package was determined through a benchmarking process with representatives from christian school's international (cesa).”

“Governing documents are included in the eastern christian school association policy manual and are available to the public at its administrative offices. Eastern christian school's conflict of interest policy is available to the public at its administrative offices. Eastern christian school's financial statements are available at the school's administrative offices and are posted to the website.”

“Eastern christian school's mission is to provide an excellent academic education within the context of a christian world and life view, in a culturally diverse and caring environment for the children of christian families.”

“A prior period adjustment of $285,261 was recorded to reconcile the ending balance of net assets. This adjustment was necessary because the prior year's tax return was filed before the audited financial statements were issued, resulting in a variance during the current year.”

“Eastern christian school association has an independent audit committee comprised of board members. The committee is responsible to oversee the audit, review the financial statements and select an independent accountant.”

“The amount reported as Other Changes in Net Assets or Fund Balances includes an unrealized loss of $104,446 related to interest rate swap contracts that remained outstanding as of year-end. This loss reflects changes in the fair value of the swaps and has not been realized through sale, termination, or settlement.”