Rutgers Preparatory School

“The executive committee consist of the 4 principal officers of the school, together with the chairs of each standing committee. The executive committee has the power and authority to act on behalf of the board, in the absence of the president and vice president. Any actions of the executive committee is promptly communicated to all trustees by mail or electronic mail.”

“There was a change in the board composition provision to change the maximum number of board members as follows: there is a minimum of 15 and a maximum 30 trustees including at least 2 alumni and 2 current parents.”

“Review of form 990 the form 990 is prepared by the business office 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.”

“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 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.”

“Pledge write offs -101,150. Beginning of year net assets adjustment -184,507.”