The Columbus Academy

“Form 990 is first reviewed by the finance and audit committee of the board of trustees. It is then e-mailed to the full board of trustees for their review and approval, and formally accepted by the full board of trustees at its next meeting, prior to the form's submission to the irs.”

“At the first board meeting of every new fiscal year, trustees and officers are given a copy of the conflict of interest and ethics policy. They are required to complete a questionnaire that discloses any conflicts of interest, and submit this signed form to the administration. The administration follows up with trustees to ensure that all board members submit this signed form to the school.”

“The review of head of school compensation by the board is based upon the board's determination of the head of school's performance as measured against the academy's mission statement and strategic plan, as well as her satisfaction of prior performance goals established and approved by the board's nominating and governance committee or such successor committee, consideration of compensation practices of other independent schools, and such other factors deemed reasonable and appropriate by the board. Compensation of other key employees or officers is based upon performance and comparative information from other independent schools at the local, regional, and national levels.”

“The organization's forms are available for public inspection upon request. Further, the organization's form 990 is available for public inspection through another's website, www.guidestar.org.”

“The organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request.”

“The columbus academy aspires to be an inclusive community where all differences consistent with the mission of the school are valued, respected and integrated into the education process.”

“The columbus academy - an independent, coeducational college preparatory school - enriches its academic tradition of excellence by valuing a broad diversity of students as it seeks to develop the complete person: mind, body and character. The school rewards rigorous effort and accomplishment, fosters compassion, respect and moral courage, and insists on integrity, fair play and community service. The academy strives to develop and sustain a community of thoughtful, responsible, capable and confident citizens eager to engage in a pluralistic and ever-changing world.”

“Pass-through income adjustment for tax return -49,865. Fasb 158 adjustment 437,264. Loss on uncollectible pledges -41,656. Recovery of prior year bad debt 11,283.”

“The organization has a finance and audit committee that oversees the audit. Further, this committee interviews candidates for the audit firm and makes a recommendation based on this process to the full board of trustees. The full board of trustees passes a resolution selecting the external auditors. This process remains unchanged from the prior year.”