Wilson School Corporation

“Once prepared, the 990 for the wilson school is to be submitted electronically to management at the school. Management will review and send the 990 to the finance committee for review and approval. Upon receiving confirmation from the chair of the finance committee, the head of school (or appropriate designee) will send the document to the full board of trustees by means of electronic communication. The board of trustees will be given one week to review and comment prior to filing. Any concerns or comments from the board of trustees will be addressed. The chair of the finance committee authorizes release for filing form 990 after the committee has approved issuance.”

“The school has adopted a conflict of interest policy. Any member of the board of trustees shall disclose, annually, any relationship that the member has with any person, corporation or other entity with which the school proposes to enter or has entered into, including any contract or other transaction that may result in financial gain or other advantage to such member.”

“The wilson school board of trustees employs the head of school pursuant to the terms of employment contract, which is reviewed annually. The executive committee of the board reviews the material terms of this employment contract each year, including all compensation terms, and formulates recommendations which are presented to the full board for approval in conjunction with the results of the head of school's annual performance review. In establishing the head of school's annual compensation, the executive committee and the board review and consider benchmark data from the national association of independent schools, as well as other resources for comparing compensation of the head of similar independent schools. In addition, the board considers the effect of current cpi and other inflation indices. Finally, in establishing the initial compensation of the current head of school, the board also reviewed publicly available information from the filed form 990s of other independent schools. Part vi, section b, line 15b: in establishing annual compensation, the head of school review and considers benchmark data from the national association of independent schools. In addition, the head of school considers the effect of current cpi and other inflation indices. The school currently has no employees that meet the definition of a key employee.”

“Part vi, section c, line 19: documents, policies, and statements furnished upon written request.”

“The school has a committee that assumes responsibility for oversight of the compilation of its financial statements and selection of an independent accountant. The process has not changed since the prior year.”