Mountain River School Ltd

“A copy of this form 990 was provided to the governing body and any questions or revisions were addressed prior to filing with the irs and state of vermont.”

“In addition to disclosure, for a conflict of interest relating to any matter under consideration for a decision by the board of directors, the director shall abstain from any vote, discussion (except as the board deems necessary for informational purposes), and any attempt to influence the decision of the board on that matter. The board may also require the director to be excused from a meeting while the matter is being deliberated and voted on. If a board member believes that another director has a conflict of interest that has not been disclosed, that board member shall take appropriate steps to address the matter. This may include communicating directly with the other director or, if that is ineffective, bringing the matter to the full board for resolution.”

“The compensation arrangement must be approved in advance (before any payment is made) by the approval body composed entirely of individuals who do not have a conflict of interest with respect to the compensation arrangement. When the approval body is considering compensation arrangement, it must rely on comparability data that demonstrates the fair market value of the compensation in question. This data may include the following: (a) expert compensation studies by independent firms; (b) written job offers for positions at similar organizations; (c) documented telephone calls about similar positions at both nonprofit and for-profit organizations; and (d) information obtained from the irs form 990 filings of simlar organizations. The approval body must document how it reached its decisions, including the data on which it relied. To qualify as concurrent documentation, written or electronic records of the approval body (such as meeting minutes) must note: (a) the terms of the compensation and the date it was approved; (b) the members of the approval body who were present during the debate on the compensation that was approved and those who voted on it; (c) the comparability data obtained and relied upon and how the data were obtained; and (d) any actions taken with respect to consideration of the compensation by anyone who is otherwise a member of the approval body but who had a conflict of interest with respect to the decision on the compensation.”

“The corporation's forms 1023 and 990 are public record documents and will be made available by the organization upon request.”

“The corporation's articles of incorporation and amendments are public record documents, and copies can be obtained by the public from the office of the secretary of state in vermont the corporation's bylaws are not a public record document, and will not be disclosed without approval by the board of directors. The corporation's policies and procedures are not public records and will not be disclosed without approval by the board of directors. The corporation's financial statements are not public records, and will not be disclosed without approval by the board of directors”

“Unrealized gain on donated securities -13,370.”