Wolakota Waldorf Society

“The governing body does contemporaneously document the meetings held and written actions undertaken during the year. There are no committees with the authority to act on behalf of the governing body. We have therefore answered no to 8b as it does not apply.”

“The governing body does review the form 990.”

“Each member of the board of trustees shall be responsible for identifying and stating any conflicts of interest they may have with any issue that is to be discussed and voted on by the trustees. If the board determines that the conflict of interest requires action, a vote on the matter shall then be taken by the board by a majority vote of the trustees present at the meeting, and the trustee with a conflict shall abstain from casting a vote. The board's action will be documented in the board's minutes. "conflict of interest" shall be defined as a member who has or may have a fiscal interest or personal benefit in the outcome of the vote, or if a member of their immediate family has or may have a fiscal interest or personal gain that would be dependent upon the outcome of vote of the board on that issue. Immediate family shall be defined as husband, wife, son, daughter, father, mother, grandchildren, aunts and uncles, cousins, and adopted (legal definition) family members.”

“Compensation for the director is determined by the board of trustees and is revisited annually.”

“There are no other compensated officers or key employees.”

“Copies of our form 1023, forms 990, governing documents and financial statements are all available to the public upon request.”

“The amounts reported on part viii, line 2, as program service revenue include rental income received from four housing units on the wolakota waldorf society campus provided to faculty members. The school owns and operates these housing units as part of its educational mission. The provision of housing to faculty is intended to attract and retain qualified teachers, support the schools educational programs, and ensure that faculty are available to participate fully in the life of the school community. The housing is offered to faculty members as a convenience and to further the schools exempt purpose of providing education.”

“The mission of the wolakota waldorf society is to provide a waldorf education integrated with lakota language and culture. Lakota children learn to create positive futures for themselves and their communities. Based on waldorf principles our goal is to develop intellectual, social, emotional, physical, and spiritual capacities of the developing child through an age-appropriate curriculum.”

“In the prior year, the organization reported an endowment fund balance in schedule d, part v. Upon review, it was determined that the reported amount represented restricted net assets, not endowment funds as defined by fasb asc 958 and the schedule d instructions. The organization does not maintain any endowment funds. The prior years reporting was in error, and no endowment funds are reported for the current year.”