Cristo Rey Brooklyn High School

“Board member mr. Arthur f. Dignam and board member rev. Monsignor k e. Harrington have a business relationship. Board members joan murphy and ian ruddle have a family relationship.”

“Cristo rey brooklyn high school has its form 990 prepared by an outside accounting firm and has created the following review process to ensure that the information reported is complete and accurate. When the form 990 has been prepared, reviewed by president, director of operations, finance manager and financial committee on the board and is ready to be filed with the internal revenue service, it is distributed electronically to the organization's governing body for any comments prior to its submission. Any comments made by the governing body are presented to finance committee of the board and president in charge of filing the return. Each issue is documented and addressed until the return is finalized and approved for filing.”

“Any director, officer or key employee who has an interest in a related party transaction shall disclose in good faith to the board, or an authorized committee thereof, the material facts concerning such interest. All actual and potential conflicts of interest shall be disclosed fully and in a timely way to the board of directors through the annual disclosure form and whenever a conflict arises. Those involved are expected to disclose all material facts of any matters that may involve conflicts of interest or transactions perceived by others to raise questions about potential conflicts before any action is taken on the matter even if the related party does not believe that an actual conflict exists.no related party may participate in deliberations or voting relating to matters set forth in this policy. However, nothing in this policy prohibits the board or authorized committee from requesting that a related party present information concerning the potential conflict of interest or related party transaction at a board or committee meeting prior to the commencement of deliberations or voting relating thereto. Any attempt by the person with the conflict to influence improperly the deliberation or voting on the matter giving rise to such conflict is prohibited. The disinterested members of the board shall make a determination as to whether a conflict exists and what subsequentaction is appropriate (if any). The existence and resolution of the conflict shall be documented in the corporation's records, including in the minutes of any meeting at which the conflict was discussed or voted upon.”

“Except for the president, the compensation for the top mgmt. Officials at cristo rey brooklyn high school is proposed by the president as part of the annual budget process and is reviewed and approved initially bu the board's finance committee and ultimately by the board of directors of the school reviewing guidelines, performance,current compensation, available resources and comparable data from similar schools. The board at a minimum annually and independently decides the annual compensation of the school's president. The board considers the compensation of similar employees at other cristo rey network schools based on the annual data report that the network releases annually as well as local market comparables. This process was recorded in the minutes of the board of directors meeting in 2011 and has been followed since then.”

“Cristo rey brooklyn high school makes its form 990, financial statements and governing documents available upon request at 710 east 37th street, brooklyn, ny 11203 or by calling the organization directly at (718)-455-3555.”

“The board of trustees assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant. The process has not changed from prior year.”