Capitol Hill Day School

“Each parent of a child enrolled in the school is a member of the organization. A parent ceases to be a member when he or she has no children enrolled in the school. Each employee, member of the faculty, or administrative staff of the school, who is not otherwise a member, is a member of the organization. An employee ceases to be a member when his or her employment is terminated. Each trustee, who is not otherwise a member, is a member of the organization. A trustee ceases to be a member when his or her trusteeship is terminated.”

“Chds membership rights include: a. Members elect the members of the board of trustees b. Members may petition the board of trustees for a meeting of the organization following submission of a petition from 20% of the members.”

“The director of finance & operations prepared the information required to complete the 990 and submitted it to the outside accountants who then prepared the 990 for review by the director of finance & operations. Chds then distributed the form 990 to the board members electronically for review and comment before it was filed with the irs.”

“The conflicts of interest policy requires full disclosure by trustees of all actual and potential conflicts of interest. Each trustee of the board, officer, and key employee of the school annually discloses any and all facts that may be construed as a conflict of interest, and, whenever such actual or potential conflict exists, before any relevant board or committee action. The audit committee of the board reviews disclosures and determines whether or not a conflict of interest exists and whether or not such conflict materially and adversely affects the interest of the school. The truestee whose potential conflict is under review may not debate, vote, or otherwise participate in such determination. If the audit committee determines that an actual or potential conflict of interest does exist, the board also determines an appropriate remedy pursuant to the process set forth in the conflict of interest compliance and resolution procedures. Such a remedy may include the recusal of the conflicted trustee from certain matters pending before the board. The same conflict of interest policy applies to employees.”

“Salaries are set in accordance with policy established by the board of trustees using compensation survey data provided by the association of independent schools of greater washington (aisgw), the national association of independent schools (nais), and the association of independent maryland schools (aims). The salary is incorporated into a written contract signed by both parties. The last salary review was completed in january 2017.”

“The organization's governing documents, conflict of interest policy, and financial statements are available from the school upon request. The head of school evaluates each request separately and, where appropriate, provides those documents to the requestor.”

“Gain on interest rate swap obligation 78,422.”