Caldwell Academy

“Copy of the 990 return of organization exempt from income tax(990) is provided to the board of directors at their monthly board meeting prior to filing the 990 return.”

“Board of directors receive no discounts or free goods or services. All directors must agree to conflict of interest policy prior to serving on the board. The board of directors, annually disclose any interests that could give rise to conflict by signing a conflict of interest disclosure.”

“Head of school compensation is determined by board of directors. The board of directors use comparative data for heads of schools in the geographic area of north carolina and is contemporaneously documented with an employee evaluation and in board minutes(in general). Business manager compensation is determined by the head of school, using comparative data for employees in same position in same geographic area. The board approves the compensation in budget for the business manager. Evaluation is contemporaneously documented in employee evaluation.”

“Caldwell makes its 990, governing documents, conflict of interest policy and financial statements available to the public upon request.”

“Hot lunch: program service expenses 128,545. Management and general expenses 0. Fundraising expenses 0. Total expenses 128,545. Use of annual funds, miscellaneous: program service expenses 90,722. Management and general expenses 10,553. Fundraising expenses 4,217. Total expenses 105,492. Capital improvements expense: program service expenses 70,977. Management and general expenses 8,253. Fundraising expenses 3,301. Total expenses 82,531. Athletics: program service expenses 72,167. Management and general expenses 0. Fundraising expenses 0. Total expenses 72,167. Curriculum and books: program service expenses 71,474. Management and general expenses 0. Fundraising expenses 0. Total expenses 71,474. Grounds maintenance: program service expenses 55,580. Management and general expenses 6,463. Fundraising expenses 2,585. Total expenses 64,628. Operations assistance: program service expenses 0. Management and general expenses 60,017. Fundraising expenses 0. Total expenses 60,017. Booster club expenses: program service expenses 39,948. Management and general expenses 0. Fundraising expenses 0. Total expenses 39,948. Fine arts: program service expenses 31,935. Management and general expenses 0. Fundraising expenses 0. Total expenses 31,935. Vehicle: program service expenses 25,987. Management and general expenses 3,022. Fundraising expenses 1,209. Total expenses 30,218. Printing copying: program service expenses 18,424. Management and general expenses 2,142. Fundraising expenses 857. Total expenses 21,423. Professional development: program service expenses 20,118. Management and general expenses 0. Fundraising expenses 0. Total expenses 20,118. Classroom supplies: program service expenses 18,730. Management and general expenses 0. Fundraising expenses 0. Total expenses 18,730. Class projects/clubs: program service expenses 17,526. Management and general expenses 0. Fundraising expenses 0. Total expenses 17,526. Yearbook: program service expenses 13,941. Management and general expenses 0. Fundraising expenses 0. Total expenses 13,941. Fundraising activities expense: program service expenses 0. Management and general expenses 0. Fundraising expenses 13,530. Total expenses 13,530. Testing: program service expenses 13,096. Management and general expenses 0. Fundraising expenses 0. Total expenses 13,096. Dues and subscriptions: program service expenses 10,469. Management and general expenses 1,217. Fundraising expenses 487. Total expenses 12,173. Telephone: program service expenses 9,454. Management and general expenses 1,099. Fundraising expenses 440. Total expenses 10,993. Advancement and recruiting: program service expenses 9,893. Management and general expenses 0. Fundraising expenses 0. Total expenses 9,893. School events: program service expenses 7,754. Management and general expenses 0. Fundraising expenses 1,262. Total expenses 9,016. Postage: program service expenses 7,057. Management and general expenses 821. Fundraising expenses 328. Total expenses 8,206. Fota-friends of the arts revenue expense: program service expenses 5,097. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,097. Bank and brokwerage charges: program service expenses 4,257. Management and general expenses 495. Fundraising expenses 198. Total expenses 4,950. Cable and data: program service expenses 3,658. Management and general expenses 425. Fundraising expenses 170. Total expenses 4,253. Head of school: program service expenses 616. Management and general expenses 1,849. Fundraising expenses 616. Total expenses 3,081. Hospitality advancement: program service expenses 1,323. Management and general expenses 0. Fundraising expenses 1,323. Total expenses 2,646. Amortization: program service expenses 1,731. Management and general expenses 201. Fundraising expenses 81. Total expenses 2,013. Library: program service expenses 1,281. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,281. Outside facility rental: program”

“The organization has not changed its process for oversight of the audit or selection of an independent accountant from the prior tax year.”