Wayland Academy

“The executive committee consists of the chair, vice chair, all standing committee chairs, the treasurer and the secretary of the board. When the board is not in session, the executive committee oversees the management of all of the affairs of wayland academy.”

“The academy documents all meetings held and actions undertaken by the governing body. Minutes of meetings held by committees with authority to act on behalf of the governing body are generally not taken. Members of these committees are generally also members of the governing body and actions undertaken by these committees are reported to the governing body.”

“The prepared form 990 is reviewed and approved by the audit/financial committee, the head of school, and the chief financial officer before the return is filed with the irs. The full board shall receive a copy of the form 990 prior to its irs submission.”

“All trustees and officers are required to verbally disclose all conflicts of interest at each quarterly meeting and are annually required to sign conflict of interest disclosure statements. If a conflict arises, that trustee recuses him/herself from voting on the matter. All conflicts are documented in the meeting minutes.”

“The chairperson meets with the academy's head of school annually to discuss his performance evaluation and compensation package. Comparability data is obtained but is not solely utilized in determining the compensation package. The financial ability of the academy to pay appropriate compensation is a major factor in determining the compensation package. A written contract is signed by the chairperson and the head of school. Other officers are annually evaluated by the head of school. Comparability data is obtained but is not solely utilized for determining compensation packages. The financial ability of the academy to pay appropriate compensation is a major factor in determining the compensation package. A written one-year contract is signed by the officer and the head of school. The process described here was last completed in 2025.”

“The academy makes its governing documents, conflict of interest policy, and financial statements available to the public upon request on a case-by-case basis.”

“Food service fees: program service expenses 924,756. Management and general expenses 0. Fundraising expenses 0. Total expenses 924,756. Medical services: program service expenses 39,304. Management and general expenses 0. Fundraising expenses 0. Total expenses 39,304. Sports officials: program service expenses 28,533. Management and general expenses 0. Fundraising expenses 0. Total expenses 28,533. Academic testing: program service expenses 26,116. Management and general expenses 0. Fundraising expenses 0. Total expenses 26,116. Fire alarm services: program service expenses 23,201. Management and general expenses 0. Fundraising expenses 0. Total expenses 23,201. Program consultants: program service expenses 808,492. Management and general expenses 10,505. Fundraising expenses 160. Total expenses 819,157. Educational consultant fees: program service expenses 0. Management and general expenses 148,669. Fundraising expenses 0. Total expenses 148,669.”

“Change in value of beneficial interest in charitable remainder trusts 666,292. Change in value of split-interest -13,377. Write off of uncollected promise -21,450. Change in value of beneficial interest in perpetual trust 66,098.”