Sleighton School

“The organization has delegated control over management duties to elwyn, its sole member.”

“In july 2017, the court of common pleas of delaware county, pennsylvania, orphan's court division, approved the transfer of 100% of the membership interests in sleighton school to elwyn. In january 2018, sleighton school filed amended and restated articles of incorporation indicating, among other items, elwyn as the sole member and stating the school's charitable activities will include, but are not limited to, directly or indirectly, supporting, operating for the benefit of, performing functions of, and/or carrying out the purposes of elwyn. Additionally, the school filed form 8940 to change its type of section 509(a)(3) organization.”

“Effective january 2018, the school has one member: elwyn. Previously, the school had two members: elwyn and sleighton inc.”

“Effective january 2018, elwyn has the ability to appoint all directors. Previously, elwyn could appoint eleven directors, and sleighton, inc., could appoint ten directors.”

“The approval of the members is required to amend, repeal, or adopt any provision of the bylaws.”

“The school has no committees.”

“The form 990 is internally prepared and sent to our external public accounting firm for review and compilation. The completed return is then sent back to the organization and is reviewed and approved by the elwyn audit committee, prior to filing.”

“The board of directors reviews the conflict of interest policy on a periodic basis. Board members complete conflict of interest forms on an annual basis. The completed forms are maintained by the assistant secretary of the board.”

“The governance committee of the elwyn board of directors reviews the compensation of the president and his direct reports. Through analyses provided by independent consultants and comparable data, as known or learned about the industry, recommendations are made by the governance committee to the elwyn board of directors.”

“The consolidated financial statements of elwyn and subsidiaries are available through public sources as a result of the tax-exempt bond financing. The organization does not make its governing documents and conflict of interest policy available to the public.”

“In an effort to provide complete transparency, the organization has listed its board chairman, timothy c. O'rourke, twice on form 990, part vii, section a. Mr. O'rourke is listed twice as he served the organization and its related organizations in two separate roles during the fiscal year ended june 30, 2018. Mr. O'rourke was asked by the elwyn board of directors to assist elwyn as a consultant to help facilitate the transition between ceo's. Elwyn compensated him for this service as detailed in form 990, part vii, section a, line (2). Subsequent to the consulting engagement, mr. O'rourke rejoined the elwyn board of directors as chairman. Mr. O'rourke has received no compensation from the organization or its related organizations for his service as a board member.”

“There has been no change in the process for oversight of the audit of financial statements or the selection of an independent certified public accountant.”