The Frisch School

“The director of finance of the organization performed a detailed review of this form 990 prior to filing with the internal revenue service ("irs"). In addition, the president and treasurer performed a detailed review of the form 990 subsequent to filing with the irs. As part of the organization's federal form 990 tax return preparation process,the organization hired a professional certified public accounting ("cpa") firm with experience and expertise in both not-for-profit and education tax return preparation to prepare the federal form 990. The cpa firm's tax professionals worked closely with the organization's director of finance to obtain the information needed in order to prepare a complete and accurate return. The cpa firm prepared a draft federal form 990 and furnished it to the organization's director of finance. The organization's director of finance reviewed the draft federal form 990 and discussed questions and comments with the cpa firm. Revisions were made to the draft federal form 990 where necessary and a final draft was furnished by the cpa firm to the organization's director of finance for final review and approval prior to providing it to the president and treasurer and filing with the irs.”

“Members of the board, officers and key employees are required to sign representation letters on an annual basis. The school's principal and director of finance monitor and enforce the conflict of interest policy on an ongoing basis in order to detect and report potential conflicts. In the event that a conflict arises with the principal or director of finance, the president reviews the transaction to ensure that any necessary mitigating behavior is taken. Conflicted individuals recuse themselves from discussions and voting matters on which they have a conflict of interest.”

“The organization's board of trustees maintains a seperate executive compensation committee ("committee"). The committee reviews the "total compensation" of the principal which is intended to include both current and deferred compensation and all employee benefits, both qualified and non-qualified. The committee's review is done on at least an annual basis and ensures that the "total compensation" of this individual is reasonable. The actions taken by the committee enable the organization to receive the rebuttable presumption of reasonableness for purposes of internal revenue code section 4958 with respect to the total compensation. The three factors which must be satisfied in order to receive the rebuttable presumption of reasonableness are the following: 1. The compensation arrangement is approved in advance by an "authorized body" of the applicable tax-exempt organization which is composed entirely of individuals who do not have a "conflict of interest" with respect to the compensation arrangement; 2. The authorized body obtained and relied upon "appropriate data as to comparability" prior to making its determination; and 3. The authorized body "adequately documented the basis for its determination" concurrently with making that determination. The committee is comprised of members of the board of trustees; each of whom are independent and are free from any conflicts of interest. The committee relied upon appropriate comparable data in reviewing and pproving compensation. The committee adequately documented the basis for its determination through the timely preparation of written minutes of the executive committee meetings during which the executive compensation and benefits was reviewed and subsequently approved. The compensation of all other individuals included in this form 990 is reviewed and approved by the principal and is subject to board approval and budget constraints.”

“Compensation information is made available by in-person request at the Organization's business office at 120 West Century Road, Paramus, NJ 07652.”

“Frisch's curriculum is designed to spark the intellectual interests of our students and to motivate their continued academic pursuits. Our students challenge themselves in their studies as they develop into creative and independent thinkers. At frisch, we encourage our students to find religious meaning and spirituality and to translate that into deep commitment to judaism and medinat yisrael. The goal of both formal and informal educational programming is to inspire students in their religious growth and infuse into them an enthusiasm for life-long learning. Frisch's ru'ach is palpable and memorable to students long after their high school experience. We strive to create a culture of understanding, respect and kindness at frisch as our students develop into thoughtfully empathetic members of klal yisrael. Faculty members care deeply for each student and appreciate and celebrate his/her particular strengths and contributions to the collective frisch community. Close teacher-student relationships foster the harnessing of the unique potential of every individual student. All frisch students are encouraged to discover and pursue their passion among the vast opportunities available at frisch. A plethora of academic options in both general and judaic studies, including a host of electives and ap courses, is offered in state-of-the-art facilities. A multitude of extracurricular activities, such as chessed, israel activism, the arts and athletics, enable students to hone their talents and develop new skills and interests. Our sprawling suburban campus provides students with the optimal environment to flourish, both inside and outside the classroom.”