Breck School

“The Executive Committee shall consist of not more than thirteen members and shall include the Chair of the Board, the President, the President-Elect, the Secretary, the Treasurer, the immediate past President, and not more than seven (7) other Elective Trustees. Persons shall be nominated by the Governance Committee. The Elective Trustee members of the Executive Committee shall be elected by the Board at the annual meeting. The President shall be the chair of the Executive Committee. The past President of the Board from the immediate preceding term shall be an ex-officio member of the Executive Committee for two (2) years following the past President's term in office. All Executive Committee members are on the governing body. The Executive Committee, when the Board is not in session, shall have and may exercise the powers of the Board in the management of the business and affairs of the School, provided, however, that the Executive Committee shall not be authorized to (i) amend the School's Bylaws or Articles of Incorporation, (ii) elect voting or non-voting Trustees to the Board; or (iii) elect a Head of School.”

“Board members Lee Anderson, Sr. and Katharine Anderson Groethe have a family relationship.”

“The tax filings are reviewed by the COO and Controller and then provided to the Audit and Risk Management Committee for review and approval. A copy of the Form 990 will also be provided to the full board prior to filing with the IRS.”

“Breck School requires all trustees, administrators and management personnel to annually complete a conflict of interest/related party questionnaire. All possible conflict disclosures are forwarded to either the Head of School or the Board of Trustees President. The conflict is reviewed by either an administrative team or the Board of Trustees to determine whether a conflict exists, and in the case of an existing conflict, whether the transaction may be authorized as just, fair and reasonable to Breck School. The person with the conflict of interest is excluded from the discussion and approval of such transaction.”

“A subcommittee of the Board of Trustees evaluates the performance of the Head of School, reviews comparative compensation data of national peer groups and/or consults with an executive search firm to gain an understanding of compensation trends. The subcommittee prepares a compensation recommendation that is reviewed and approved by the full Board of Trustees. The process for determining the compensation of key employees includes an evaluation process, a review of comparative data from similar independent schools and is subject to the overall budgeted salary increase approved by the Board of Trustees.”

“The governing documents, conflict of interest policy and financial statements are made available to the public on a case by base basis.”

“The 2019 Coronovirus (COVID-19) was declared a global pandemic by the World Health Organization on March 11, 2020, and the related responses by public health and governmental authorities to contain its outbreak and spread adversely impacted workforces, economics, and financial markets globally. The impact on Breck School as a result of COVID-19 has been significant. Operational and programmatic changes were made to ensure that Breck programs operated in a manner that was compliant with new State and Federal guidance and regulations pertaining to COVID-19. Breck continues to closely monitor its operations, liquidity, and capital resources as a result of COVID-19. The current and future impact to Breck as a result of COVID-19 is not fully known.”