Bridges Preparatory School

“Form 990 will be distributed to the board of directors at scheduled board of directors meetings.”

“Each year, bridges preparatory school distributes a certification and conflict of interest disclosure form to the board of directors and board officers. Each respondent must certify that he or she has received a copy of the conflict of-interest policy; has read and understands the policy; has agreed to comply with the policy; and understands that the organization is charitable and that in order to maintain its federal tax exemption it must engage primarily in activities that accomplish one or more of its exempt purposes and not engage in activities and transactions that provide impermissible benefits to individuals or entities. In addition, the certification and conflict of interest disclosure documents require each individual to either certify that he or she has no actual or possible conflict of interest to report, or to describe any relationships, transactions, or other circumstances, including those of an immediate family member, that could result in a conflict between the organization's interests and his or her personal, financial or other interests. All individuals are provided a copy of the conflict-of-interest and are provided the opportunity to ask questions about the policy. For new board members elected each year, this is covered as part of the new board members orientation session held prior to the first board meeting in which they participate. All board members and officers are required to complete and sign the certification and disclosure form, which is retained in the bridges preparatory schools files. Disclosure documents are reviewed to identify individuals that represent a potential conflict of interest. As business matters, transactions or contracts arise, potential conflicts are reviewed and when a conflict is identified with respect to a proposed transaction, bridges preparatory school follows the procedures set out in its conflict-of-interest policy which typically results in prohibiting them from participating in the board's deliberations and decisions surrounding the transaction.”

“The process for determining compensation for the head of school, assistant head of school, directors and all teaching staff includes a review by the bridges internal operations/human resources staff and the entire board of directors. Comparability data used in the review process is obtained from a variety of sources including similar schools, similar positions, similar years of experience and similar education levels within the same county and within similar districts outside the county. A salary schedule has been created and salary decisions are determined based on their alignment with the salary schedule and the aforementioned factors. Compensation deliberations and decisions are discussed within the executive session of the respective board meetings where contracts are reviewed for approval by the board of directors.”

“Governing documents, conflict of interest policy and financial statements are available to the public on the school's website and upon request.”

“ROUNDING 1.”

“The process has not changed from the prior year.”