Trinity Preparatory School

“The governing body recieved and had the form 990 explained in sufficient detail so as to understand its purpose and meaning.”

“A conflict of interest is defined as an actual or perceived interest by a staff or board member in an action that results in, or has the appearance of resulting in, personal, organizational, or professional gain. Officers and members are obligated to always act in the best interest of the organization. This obligation requires that any officer or member, in the performance of organization duties, seek only the furtherance of the organization mission. At all times, officers and board members are prohibited from using their job title or the organizations name or property, for private profit or benefit.the officers and members of the organization should neither solicit nor accept gratuities, favors, or anything of monetary value from contractors/vendors.”

“The board of directors is responsible for hiring, and establishing the compensation (salary and benefits) of the executive director/ceo by identifying compensation that is reasonable and not excessive, but that also is attractive enough to retain the best possible talent to lead the organization. The recommended process for determining the appropriate compensation is to conduct a review of what similarly-sized peer organizations, in the same geographic location, offer their senior leaders. This three-step process is referred to as the rebuttable presumption used to establish reasonableness.”

“The board of directors is responsible for hiring, and establishing the compensation (salary and benefits) of key employees by identifying compensation that is reasonable and not excessive, but that also is attractive enough to retain the best possible talent to lead the organization. The recommended process for determining the appropriate compensation is to conduct a review of what similarly-sized peer organizations, in the same geographic location, offer their senior leaders. This three-step process is referred to as the rebuttable presumption used to establish reasonableness.”

“Tax-exempt organizations must make annual returns and exemption applications filed with the irs available for public inspection and copying upon request. Trinity preparatory school reviews all requests and provides appropriate documents within a reasonable amount of time.”

“See overflow schedule attached.”