The Agnes Irwin School

“The executive committee consists of the officers of the school and such additional trustees appointed by the chair of the board. The committee shall, during intervals between meetings of the board, exercise all of the powers of the board to the extent permitted by law, except the election and removal of trustees and officers, selection of head of school, amendments to the bylaws and articles of incorporation, and dissolution of the school.”

“The form 990 is prepared by an independent accounting firm and initially reviewed by the controller, and then the chief financial officer. Once initial approval has occured, the return is then presented to the audit committee for review and approval. The full board of directors then receives the return for review and approval for a two week period. Once the two week period for comments has ended, the return is then finalized and submitted to the irs.”

“The conflict of interest policy applies to all trustees and committee members. Potential conflicts are reported to the board and members of any committee considering a transaction for which a potential conflict may exist. These board and committee members determine if a conflict exists. If a conflict does exist, the chair of the board or committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. After exercising due diligence, the board or committee shall determine whether the school can obtain a more advantageous transaction or arrangement with reasonable efforts from a person or entity that would not give rise to a conflict of interest. If a more advantageous transaction or arrangement is not reasonably attainable under circumstances that would not give rise to a conflict of interest, the board or committee shall determine, by a majority vote of those other than the interested person: (a) whether the transaction or arrangement is in the school's best interest and for its own benefit; (b) whether the transaction is fair and reasonable to the school; and (c) whether to enter into a transaction or arrangement in conformity with such determination. In addition, an annual disclosure of all actual or potential conflicts is required.”

“The board of trustees' compensation committee reviews comparative statistics in order to determine compensation for the head of school with the assistance of an independent consultant. Salaries are benchmarked with other, similar organizations, to ensure compensation is within fair market range for the industry. All salary discussions and final determinations are timely documented in the board minutes. Form 990, part vi, section b, line 15b: the head of school reviews and approves compensation for the other officers and key employees using similar market studies and salary surveys to ensure their compensation is within fair market range for the industry.”

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

“The agnes irwin school empowers girls to learn, to lead, and to live a legacy. Agnes irwin provides girls with a deep foundation in the humanities, mathematics and science, wellness and athletics. In an inclusive setting that values diversity, students develop skills in critical and analytical thinking, self-expressing, effective communication, and collaboration. A rich and varied approach to instruction, team and individual endeavors, inquiry, and assessment enables girls to solve problems, design solutions, create meaning, and prepare for a complex and challenging world. We believe that all girls and young women have the capacity to lead and that leadership can take many forms. Therefore, through our instruction, our community interactions, and our daily choices, we affirm this belief and provide an environment that challenges girls to develop the core values of leadership, empathy, integrity, resilience, independent thinking, and commitment to action. Agnes irwin students are a part of the global community of girls and women. They are the trustees of our school's heritage and traditions. By adopting values that foster equity, justice, social responsibility, civic mindedness, and integrity, and by nurturing positive relationships and intentional decision making, our students and alumnae engage in bold and meaningful ways to impact our interconnected world.”

“Changes in split-interest arrangements 253,635. Unrealized gain on beneficial interests in perpetual trusts 132,574.”