The Nora School Inc

“The board will review and approve the form 990 prior to it being filed.”

“Article iii: procedures1. Duty to disclosein connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with governing board delegated powers or others considering the proposed transaction or arrangement.2. Determining whether a conflict of interest existsafter disclosure of the financial interest and all material facts, and after any discussion withthe interested person, he/she shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists.3. Procedures for addressing the conflict of interesta. An interested person may make a presentation at the governing board or committee meeting, but after the presentation, he/she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest.b. The compliance officer will investigate and resolve all reported complaints and allegations. The compliance officer shall inform the head, board chair and finance committee about the outcome and if needed, the investigation and the appropriate course of action.c. After exercising due diligence, the governing board of committee shall determine whether the school can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest.d. If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the governing board or committee shall determine by a majority vote of the disnterested directors whether the transaction or arrangement is in the school's best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination it shall make its decision as to whether to enter into the transaction or arrangement.”

“Executive compensationthe head of school is evaluated by the board of directors and the faculty every three years. The head of school is then offered a contract with a salary negotiated between the head of school and board chair, which is then reviewed and approved or disapproved by the executive committee of the board of directors.”

“These documents are available upon request.”