Association for Christian Instruction

“All persons 18 years of age or over, who subscribe to articles ii and iii of the school's constituion, and are members of a bible-believing protestant church, affirm in writing the foundational beliefs of highland christian school, and who made an annual contribution to any fund of the association for christian instruction in the preceding year, from a date 60 days prior to each annual meeting of this organization, in an amount fixed from time to time by the board of directors, and if not so fixed, in the minimum amount of $10 for each said above-described year, are eligible for membership in the society.”

“Members of the association for christian instruction annually elect the board of directors.”

“Members of the association for christian instruction must approve changes in bylaws recommended by the board of directors at their annual meeting. Each member gets 1 vote and items are passed by the majority present at the meeting.”

“The administrator reviews and signs form 990 prior to filing.”

“The president of the board of directors monitors and enforces compliance with the conflict of interest policy by an annual review.”

“The board of directors determines and approves the compensation of the school's administrator on an annual basis. Data of comparable positions at similar organizations is used along with the adminstrator's qualifications and experience.”

“The school makes its governing documents, conflict of interest policy, and financial statements available upon request.”

“Only the board of directors is required to annually disclose any conflict of interests.”

“The investment broker only records the net gain or loss on sales of securities; no proceeds are reported to the organization. Therefore, the net gain or loss was reported as the sale or cost of the securities as well as the total gain or loss.”

“Consumables: program service expenses 29,681. Management and general expenses 373. Fundraising expenses 0. Total expenses 30,054. Publicity: program service expenses 2,368. Management and general expenses 22,786. Fundraising expenses 0. Total expenses 25,154. Dues and subscriptions: program service expenses 2,260. Management and general expenses 15,528. Fundraising expenses 0. Total expenses 17,788. Contractual services: program service expenses 17,192. Management and general expenses 0. Fundraising expenses 0. Total expenses 17,192. Student activities: program service expenses 10,780. Management and general expenses 0. Fundraising expenses 0. Total expenses 10,780. Bad debt: program service expenses 0. Management and general expenses 10,000. Fundraising expenses 0. Total expenses 10,000. Amortization of right of use assets: program service expenses 1,875. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,875.”

“The finance committee assumes responsibility for oversight of the audit or review of the financial statements and the selection of an independent accountant.”

“The school uses the cash basis of accounting modified by recording tuition receivables and accounts payable. The principle difference between this basis and gaap is there is no allowance for uncollectible accounts.”