Providence Academy

“A board member's spouse is employed by the school as a teacher.”

“Our form 990 is prepared by an external cpa firm. Once prepared, the firm provides a draft of the return for a detailed review by our controller (a cpa). The controller advises the firm of any comments or corrections. Once updated by the firm, the board treasurer (also a cpa) conducts a second detailed review of the return. Additionally, a complete copy of the return is sent to all board members for review and comment prior to filing.”

“The board periodically reviews its conflict of interest policy and confirms compliance.”

“The board hired a new headmaster in 2020, at which time they utilized a recruiting firm which provided us with independent and comparable information on compensation. The executive committee reviews the headmaster's compensation annually, seeks outside comparative data in determining the compensation, and documents its deliberations and decisions.”

“The academy makes governing documents and the conflict of interest policy available to the public upon request. It does not make financial statements available to the public but instead refers them to the publicly available form 990 for further financial information.”

“Kevin lockerbie was employed as headmaster during the period 01/01/2020 through 06/30/2020, when his employment ended. He earned $78,699 of base compensation, a $28,000 performance bonus, and a contractually obligated payment of $78,195 in accordance with his contract. Alex grey was employed as headmaster from 7/1/2020 through 5/7/2021 and janet marsh was employed as head of school beginning march 22, 2021.”

“Entertainment and staff development: program service expenses 9,572. Management and general expenses 924. Fundraising expenses 165. Total expenses 10,661. Pta expense: program service expenses 6,219. Management and general expenses 715. Fundraising expenses 0. Total expenses 6,934. Printing and postage: program service expenses 2,763. Management and general expenses 2,763. Fundraising expenses 1,381. Total expenses 6,907. Telephone expense: program service expenses 2,763. Management and general expenses 2,763. Fundraising expenses 614. Total expenses 6,140. Dues and subscriptions: program service expenses 5,015. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,015.”