St Paul'S Plus Inc

“St. Paul's plus delegates management duties to st. Paul's school for girls, inc., a related organization.”

“On june 1, 2018, st. Paul's plus, inc., st. Paul's school for girls, inc., the boy's school of st. Paul's parish and the ward center entered into a unification agreement. The agreement became effective on july 1, 2018. Under the agreement, on july 1, 2018 st. Paul's plus amended its articles of incorporation so that the st. Paul's schools, inc. Became the sole member. Effective july 1, 2019, the operations of st. Paul's plus became unified with the sole member, all assets were transferred, and the corporation was dissolved.”

“The st paul's schools, inc, a maryland non-stock corporation, shall be the sole member of the corporation.”

“The corporation shall have such number of trustees as the board of trustees or the board of trustees of the sole member may fix from time to time in the corporation's by-laws. Trustees shall be elected in the manner, shall hold office for the terms, and shall have such rights and duties, all as the board of trustees or the board of trustees of the sole member may fix from time to time in the corporation's by-laws.”

“Unless as otherwise required by law, the following actions shall not be taken by the corporation unless and until they are ratified and approved by the board of trustees of the sole member of the corporation (1) any change in the mission or purpose of the corporation, (2) any amendment of the articles of incorporation, bylaws, or other organizational documents of the corporation, (3) the dissolution or liquidation of the corporation, (4) the merger or consolidation of the corporation, or transfer of all or substantially all of the corporation's assets, (5) the adoption of the annual operating and capital budgets of the corporation, (6) the incurrence of debt or unbudgeted expenditures, (7) approval of the corporation's strategic plans and any amendments thereto, (8) any change in the number of, or election of, trustees of the corporation, and (9) any other material change to the daily operations of the corporation, including, but not limited to, changes to the corporation's curriculum and any other change to the overall education being offered by the corporation to its students”

“The board chair and the treasurer review the form 990 for overall reasonableness. The 990 is posted to the board of trustees portal for review prior to filing the 990 with the irs.”

“The school has a conflict of interest policy which is required to be signed annually by each trustee. For any material goods/services procurement the policy requires at least three bids which are obtained by executive management, and if over $50,000, are reviewed and approved by the board of trustees. If a conflict is deemed to exist, those person(s) are prohibited from participating in the deliberations and decisions of the transaction.”

“The board of trustees formed a subcommittee to negotiate and document the head of school's contract. Statistics from the national association of independent schools, association of independent maryland schools, and other benchmarking tools were used to determine the compensation package.”

“The organization makes its governing documents, conflict of interest policy and financial statements available upon request for the same period of disclosure as set forth in section 6104(d). The request can be made though the head of school who would notify the director of finance and operations to gather the documents and have them distributed by the head of school.”

“Net asset tranfer to the st. Paul's schools, inc. See schedule n -1,339,003.”