Ronald Knox Montessori School

“Line 11b explanation - a draft of the form 990 is available for review by the finance committee prior to the due date. The committee conducts a big-picture review. Once the review is completed, the committee discusses any questions, comments, and suggested revisions with the preparer. The preparer then makes any revisions necessary. All questions, comments, and suggested revisions are to be documented with any responses from the preparer. After the form 990 has been reviewed and filed with the internal revenue service, the committee will make a presentation at the next full board of directors meeting to update the full board regarding its review of the form 990. It is not required to review all of the questions, comments, and suggested revisions; a summary of the more important points is sufficient.”

“Each board member is required to fill out the annual conflict of interest statement.”

“The school is working toward development of whistle blower, and document retention and destruction policies. The compensation committee is working on procedures for the process of determining compensation for the school's top management and key employees.”

“The following organizational documents of ronald knox montessori school will be available for inspection or copying at the school's main office during normal business hours at no charge: tax exemption application (form 1023), internal revenue service determination letter, articles of incorporation, and by-laws. The public inspection copy of the school's form 990 from the previous three years will be available at the school's main office during normal business hours at no charge. The public inspection copy of the form 990 will not include the schedule a excess contributors or the schedule b names and addresses of contributors. The school will make best efforts to insure that the forms 990 held at their main office are the most updated versions. (for example, amended returns.) when responding to a public inspection request for any organizational document or form 990 by anyone, the school shall fulfill such request in a timely fashion without inquiring as to the reason for the public inspection request.”

“The board treasurer assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant with the recommendation of the head of school. Both are members of the finance committee.”