The Seven Hills Schools

“The members of the corporation shall be the following individuals: (1) the persons currently serving as trustees of the seven hills school (the "school"); (2) the persons currently serving as the officers of the school; (3) each parent, or guardian of a child or children currently enrolled in the school; (4) each person 18 years or older who has attended the school (or a predecessor school); (5) each person who has contributed financially to the school during its current fiscal year or one of the prior two fiscal years; (6) each person upon whom the board of trustees confers the status of lifetime member; and (7) each person who is serving as a member of the seven hills school advisory board.”

“As part of its scheduled governance practices, the seven hills school finance committee reviews the form 990 in its entirety with the head of school, and the school's director of finance and operations. The school's auditing firm will be present to answer any questions that the finance committee wanted answered directly by the auditors. At the full board of trustee meeting, copies of the form 990 will be distributed to all attendees and then reviewed in detail. Either the director of finance and operations or the chair of the finance committee will answer questions regarding the form. The board is again made aware that the 990 is a form that must be filed every year with the federal government in order to maintain the shcool's non-profit, 501(c)(3) status.”

“The conflict of interest policy and forms were distributed, via e-mail, along with other board material prior to the first board of trustee meeting of the school year. The policy was also posted on the board of trustees wiki. All voting members along with the head of school were asked to sign. The forms were collected at the september board meeting and are being stored by the head of school's administrative assistant. The conflict of interest policy addresses directly the steps to be taken when dealing with a potential or actual conflict.”

“(a) the head of school salary is determined by the head of school reasonable compensation policy, in which, the president of the board of trustees and members of the executive committee meet to discuss the information gathered. On a yearly basis the school collects data from regional independent school organizations, such as independent schools association of the central states (isacs) and ohio association of independent schools (oais), to benchmark how the seven hills school is in relation to these other institutions in regard to salaries for its head of school. Additionally, the school will review similar data with public schools in the area as well as with the national association of independent schools (nais) website database. (b) the same process is used to review the other key administrators, but this process is done through the head of school. Once the information is collected a review of the employees duties and job performance are part of an overall discussion of what the individual's compensation should be for the forthcoming fiscal year. Based upon the budget for the upcoming fiscal year, departmental heads then make a recommendation to the head of school for final contract specifications including duties and salaries. The head of school has final authority to make all salary and job duty decisions.”

“The organization does not make its governing documents, conflict of interest policy, and financial statements available to the public.”

“Decrease in value of beneficial interest in remainder trusts -20,943. Increase in value of cash surrender value of life insurance 2,078.”