Rutgers Preparatory School

“Review of form 990 the form 990 is prepared by the controller and coo with input from the head of school 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. In consideration of donor privacy, the form 990, schedule b - schedule of contributors provided to the board of trustees did not include donor names and addresses. Adhering to irs form 990 instruction guidance, rps is required to answer part vi, line 11a "no" regarding if a complete copy of form 990 was provided to all members of the governing body before filing.”

“Conflicts 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 head of school. The statements are reviewed for any reported potential conflicts. Any potential conflicts are reported to the president of the board and/or head of school. 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 six-member compensation committee consisting of independent members of the board of trustees oversees the engagement of the head of school. It also reviews annual performance. In 2020, this committee negotiated a long-term employment contract which runs through june 30, 2027 with the head of school. 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, video conference, 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 head of school 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.”