The Walden School

“An outside tax professional prepares a draft of the Form 990. Management, including the Executive Director, reviews and provides comments, edits, corrections. After revisions, the Executive Director and several members of the Board of Directors receive a copy of the 990 prior to its filing. A member of the board signs the 990 prior to filing. A complete copy is made available to all members of the Board of Directors via electronic copy.”

“Members of the board of directors review all potential conflicts of interest at least annually, and a signed declaration of conflicts is collected after the annual meeting of the Board (during July each year). The organization seeks full transparency on all relationships. Any potential conflicts (in fact or appearance) are discussed openly and resolved in accordance with the organization's policies and procedures.”

“Members of the board of directors review the compensation of the Executive Director annually through the organization's annual budgeting process and in accordance with IRS rules and regulations. Compensation data from industry sources are consulted.”

“Members of the board of directors review the compensation of other high-level personnel annually through the organization's annual budgeting process and in accordance with IRS rules and regulations. Compensation data from industry sources are consulted.”

“ALL OF THE ORGANIZATION'S GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND OTHER LEGALFILINGS ARE MAINTAINED IN A SECURE ENVIRONMENT AND HELD AVAILABLE FOR INSPECTION BYTAX AUTHORITIES AND THE GENERAL PUBLIC. TAX RETURNS ARE POSTED ANNUALLY TOWWW.GUIDESTAR.ORG (WHERE THEY ARE AVAILABLE FOR VIEWING AS ELECTRONIC COPIES) AND ARE ALSO AVAILABLE FOR A PHYSICAL INSPECTION AT THE ORGANIZATION'S Administrative OFFICE IN SAN FRANCISCO, CALIFORNIA.”

“Form 990-T Advertising Revenue = $1250”

“Subsequent to the filing of the original tax return, The Walden School underwent a financial statement audit. At the conclusion of the examination, there were several adjustments which impacted previously reported figures for various revenue and expense items, including the classification between program, G&A, and fundraising expenses. Additionally, certain balances in asset, liability and net assets accounts were modified. This amended tax return is therefore filed in order to agree with the external audited financial statements.”