The Valley Day School

“Copies of 990 are distributed to all board members via electronic pdf files prior to submitting form 990 to irs.”

“The conflict of interest policy is periodically reviewed with the administration and directors at board of directors meetings. The policy is communicated to staff within the staff handbooks that are distributed annually to each staff member.in addition, the administration communicates the conflict of interest policy periodically at staff meetings.”

“Salary of executive director is annually reviewed and approved by personnel committee and the board of directors. Executive director's salary is reviewed in the spring of each year along with all other employee salaries in context of the upcoming year's annual budget. The board reviews the salary level of the entire staff. The board utilizes a salary guide, created in prior years based upon competitive salaries of other nearby educational institutions, that includes all teaching and administrative staff. The guide has been frozen the past few years due to budgetary constraints. A reasonable percentage increase is determined based upon a balance between what can be sustained by the budget vs. Minimization of risk that staff will be lost to other educational institutions that have more beneficial compensation arrangements. The percentage increase is then applied across the board to all staff positions listed, including that of the executive director, in determining the salary for each position for the upcoming fiscal year.”

“Salary of the organization's education director and finance director are annually reviewed and approved by personnel committee and board of directors. (all board members are volunteers- none are compensated). See explanation for review process at question 15a. Same process applies to all employees.”

“Requests for copies of 990 and 1023 from the public are addressed by school finance director. Copies of those documents are made available upon request.”