Rutgers Preparatory School

“Review of form 990: the form 990 is prepared by the controller and coo with input from the headmaster and other school administrators with assistance from the school's tax accountants. The form 990 is reviewed by the finance committee of the board of trustees. The final copy of the form 990 is provided to each of the board members prior to filing with the irs.”

“Conflict of interest policy a conflict of interest statement is sent to each board of trustee member and each administrator every september for signature. The signed conflict of interest statements are returned to the assistant to the headmaster. The statements are reviewed for any reported potential conflicts. Any potential conflicts are reported to the president of the board and/or headmaster. If necessary, the committee on trusteeship and/or the board of trustees would provide guidance and take such action as it deems appropriate under the circumstances.”

“Compensation part vi, line 15a: a three-member compensation committee consisting of independent members of the board of trustees oversees the engagement of the headmaster. It also reviews annual performance. In 2015, this committee negotiated a long-term employment contract which runs through june 30, 2022 with the headmaster. In the course of committee and board deliberations, the school looked at market comparables and other outside information. The compensation committee met by telephone, email, etc. On frequent occasions during the deliberation period and it retained contemporaneous records. The school also utilized outside legal counsel to formalize and finalize the agreement. The contract was approved by the board of trustees. Part vi, line 15b: the headmaster fixes the compensation of the coo in accordance with regular and continuing compensation practices for all school employees.”

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

“RUTGERS PREPARATORY FILED AN AMENDED FORM 990 FOR YEAR ENDED JUNE 30, 2018 WITH THE FOLLOWING AMENDMENTS: PART VII: The titles and positions for the following trustees were updated to properly reflect their board roles for YE June 30, 2018 - Ernest Renda President, Trustee - Georges Richa Vice President, Trustee - Gerald Tamburro Treasurer, Trustee - Bruce Williams Trustee - Ana Aymes Trustee - Alan Wink - Trustee PART IV, QUESTION 28b: UPDATED TO "YES' SCHEDULE L, PART IV: Was completed to disclose a family member employment relationship. SCHEDULE O: AMENDED TO REFLECTED UPDATED TITLES FOR BOARD OFFICERS AND TRUSTEES IN THE SCHEDULE O NARRATIVES.”