The Glen Mills Schools

“Form 990, Part VI, Section A Line 4 - On May 26, 2016, the Board of Managers approved various amendments to the Glen Mills Schools by-laws. The changes revolved around a clearer definition of the responsibilities of the Board Officers and the roles of various Board committees. In addition, the amendments redefined the responsibilities of the executive committee, requiring it to meet monthly, when the full Board doesnt meet, and reducing the number meetings for the entire Board of Managers to four. The amendments were enacted, after thorough review by the Board of Managers and were initiated to provide better oversight and management of the Schools operations. GOVERNING BODY AND MANAGEMENT FORM 990, PART VI, SECTION A LINE 7A - Any potential member of the Board of Managers is subject to the approval of the Board with the exception of those members appointed by the Mayor of the City of Philadelphia and those appointed by the Court of Common Pleas of the City of Philadelphia.”

“FORM 990, PART VI, SECTION B LINE 11b - The Form 990 was prepared by an international public accounting firm in conjunction with the organization's financial department. The Audit Committee of the Board of managers will present the completed 990 and 990T to the full Board for consideration prior to mandatory filing date. Each Board Member will be provided ample opportunity to comment on the information contained in the 990 prior to its filing with the Internal Revenue Service. LINE 12 - Each officer, director, trustee and key employee of the Glen Mills Schools is required to annually disclose any conflicts of interest that arise by virtue of employment, board service, or position with the Schools. The Glen Mills Schools monitors compliance with its conflict of interest policy through an annual questionnaire/disclosure statement that is distributed to these individuals. Potential conflicts are investigated immediately. Any board member or officer with a conflict of interest is required to recuse him/herself from any discussion, negotiation, deliberation, or decision making involving the transaction causing the conflict. LINE 15a & 15b - Annually, the Salary Committee of the Board of Managers meets to determine the compensation for the Executive Director and to consider the salary recommendations made by management for the other staff. The Committee then makes a recommendation to the Board of Managers for approval. The Board of Managers will vote on the recommendation. The decision of the Board is noted in the official minutes of the Board Meeting.”

“Form 990, part vi, section c line 19 - the organization provides its governing documents, conflict of interest policy and financial statements to the public upon request.”

“FORM 990, PART XI, Line 9 Change in pension benefit obligation ($10,224,278)”