Wyncote Academy

“The organization's outside bookkeeper prepares the return in draft and the organization's accounting firm prepares the return. The outside accountants send a draft to the bookkeeper who reviews it again in conjunction with the head of school. Questions from the board are directed to the bookkeeper or accountants as required.”

“The conflict of interest policy is reviewed by the members of the board annually. Most recently,this policy was reviewed and discussed at the january 16, 2013 meeting and reconfirmed. All members of the board signed off on the policy and the only two conflicts noted were that gerald schatz, president of the board is the landlord and that diane vernon is both and employee and a board member.”

“The process for determining the compensation of the organization's head of school is undertaken on an annual basis by the entire board of directors. The ultimate salary of the individual is approved as a result of the majority consensus reached by the board as a whole. All supporting documentation for the decision is maintained. The last time this proceess was undertaken by the organization was during its 2011-2012 fiscal year.”

“These documents are provided on a need-to-know basis. Bankers, grantors, potential, board members and anyone who has a fiscal need to know this information. Donors are provided these documents upon request.”

“A whistleblower policy and a document retention and destruction policy were reviewed and adopted at the august 2012 board meeting”

“No payments subject to back-up withholding.”

“Monument bank's contribution was part of the pennsylvania ostc tax credit program for schoalrships to qualified educational institutions”