St Luke'S School

“A draft form 990 is reviewed by the chief financial officer and the finance committee prior to filing with the irs. It is also made available to the full board of trustees. If a board member has any questions they discuss it with management.”

“Disclosures: whenever any trustee, officer, committee member, or employee of the school becomes aware that the school is considering a transaction that potentially creates a conflict of interest, he or she is obligated to notify the board and to disclose all material facts relating to his or her interest in the transaction. The board will determine if an actual conflict of interest exists and take action that the board deems appropriate. The interested person may not be present when the board makes its determination other than to answer questions. If no conflict of interest is found to exist, the minutes of the meetings must record the basis of the board's determination. Withdrawal and abstention: if the board determines that a transaction would create a conflict of interest, the transaction must be approved in advance by only those board members who do not have a conflict with respect to the transaction. Any interested person therefore must recuse him- or herself from consideration of the transaction. He or she furthermore may not be present during any discussion of the transaction other than to answer questions. Interested persons, however, may be counted for the purpose of determining whether a quorum exists at the meeting even though they are temporarily absent while the transaction is considered. Acknowledgement and annual statements: each trustee, officer, member of a committee of the board, and key employee must sign annually a statement affirming that such person: (a) has received a copy of this conflict of interest and disclosure policy, (b) has read and understands this policy, and (c) has agreed to comply with this policy. Each trustee, officer, member of a committee of the board, and key employees additionally must complete and submit to the secretary a disclosure statement naming the entities conducting business with the school in which he, she, or family member is a director, trustee, officer, committee member, or employee or has a material financial interest. The secretary will review the information and periodically distribute reports to all trustees.”

“ANNUALLY, AT THE MAY EXECUTIVE COMMITTEE AND THE MAY BOARD MEETING, THE BOARD CHAIR, IN CONSULTATION WITH THE EXECUTIVE COMMITTEE AND BOARD OF TRUSTEES, REVIEW AND EVALUATE THE HEAD OF SCHOOL'S PERFORMANCE AGAINST A SERIES OF GOALS AND OBJECTIVES THAT WERE SET FOR THE YEAR. IN ESTABLISHING COMPENSATION LEVELS FOR THE HEAD OF SCHOOL, THE BOARD CHAIR, EXECUTIVE COMMITTEE AND BOARD OF TRUSTEES USE PERFORMANCE AND ANNUAL COMPENSATION SURVEYS OF SIMILAR TYPES OF ORGANIZATIONS USING 990 DATA TO INFORM THEIR DECISION. MINUTES OF THE MEETING(S) ARE MAINTAINED IN A CONFIDENTIAL FILE. this PROCESS WAS LAST PERFORMED IN 2018.”

“Officer performance is evaluated by the head of school. Salaries are established by the head of school with the consent and oversight of the executive committee. This process was last performed in 2018 to approve fy 2019 salaries.”

“St. Luke's does not make its governing documents, conflict of interest policy, financial statements available to the public.”