Near North Montessori School

“The corporation shall have one class of members, consisting of each of the parents of children who are enrolled in the school for current instruction. A parent shall cease to be a member of the corporation upon the graduation, dismissal or withdrawal from the school of the parents' child or children, provided, however, that no membership shall be terminated because any of the parents' children are not attending any summer session that may be offered.”

“The members of the corporation elect the directors at each annual election.”

“The controller and the finance and operations director receive the completed form 990 from the accounting firm. The controller and the finance and operations director review the form for accuracy and submit the completed form to the chair of the audit committee, who reviews the form for accuracy. After the chair of the audit committee and the controller and the finance and operations director have completed their review, the form 990 is made available by email to the entire board of directors for their review and comment. Upon board or executive committee approval of the audit report and form 990, the board president signs both the federal and state returns to be filed in timely manner.”

“In september of each year, the controller and/or the finance and operations director distribute the conflict of interest policy and the annual affirmation form to all interested persons. (i.e. Voting members of the board, voting members of any committees of the board; the school's head of school, finance and operations director, development director, lower school director, elementary school director, upper school director, human resources director and diversity director. The annual affirmation form is signed by all interested persons, affirming that the individual received a copy of the conflict of interest policy, that they have read the policy, that they agree to comply with the policy and that they understand that the school is a charitable organization and that in order to maintain its federal tax exemption, it must engage in activities which primarily accomplish one or more of its tax exempt purposes. The signed form is given to the controller and/or the finance and operations director, who check to make sure the forms are all affirmative, and then maintain the forms on file.”

“Form 990, part vi, section b, line 15a the executive committee of the school's board of directors which includes the president of the board (with assistance from the human resources director and the finance and operations director, when applicable), leads the process to market price the job of the head of school. This process is followed when a head of school is hired as well as each time a head of school's contract is renewed. This process consists of 1) gathering compensation data from comparable data sources, ensuring that applicable job performance is taken account; 2) determining a wage consistent with those findings while ensuring that the resulting compensation falls within the board approved budget for staff expenses; 2) presenting a recommendation to the board of directors as to the compensation of the head of school for approval by the board; and 4) documenting the decision of the board in the board minutes. Discussion of compensation is held in a closed session of the board of directors. Form 990, part vi, section b, line 15b the head of school, human resources director and the finance and operations director lead the process to market price the jobs and other directors or key employees. The compensation committee may assist or review general compensation ranges for these roles. This process is followed when a director/key employees is hired as well as each time a director/key employee's salary is adjusted. This process consists of gathering compensation data from comparable data sources, ensuring that applicable job performance is taken into account, and ultimately determining a wage consistent with those finding while ensuring that the resulting compensation falls within the board approved budget for staff expenses. A wage review is done annually as the budget is being determined and again prior to august 1 of each year, when new wages take effect.”

“The governing documents, conflict of interest policy and financial statements are available to the public upon request. Pdf versions are available at no charge and will be provided within 5 business days of the request (or as soon as administratively possible). Printed copies will be provided 7-10 business days of the request (or as soon as administratively possible). The school reserves the right to charge a reasonable copying fee plus postage for requests for printed copies.”

“No changes have been made in the process since the prior year.”