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.”

“Athletics: program service expenses 86,095. Management and general expenses 0. Fundraising expenses 0. Total expenses 86,095. Other sga expenses: program service expenses 57,819. Management and general expenses 8,110. Fundraising expenses 1,798. Total expenses 67,727. Advancement and recruiting: program service expenses 49,930. Management and general expenses 7,004. Fundraising expenses 1,553. Total expenses 58,487. Curriculum and books: program service expenses 45,082. Management and general expenses 0. Fundraising expenses 0. Total expenses 45,082. Professional development: program service expenses 27,387. Management and general expenses 3,842. Fundraising expenses 852. Total expenses 32,081. Operations assistance: program service expenses 26,829. Management and general expenses 3,743. Fundraising expenses 830. Total expenses 31,402. Facility upgrade: program service expenses 21,100. Management and general expenses 0. Fundraising expenses 0. Total expenses 21,100. Printing costs: program service expenses 17,964. Management and general expenses 2,520. Fundraising expenses 559. Total expenses 21,043. Dues and subscriptions: program service expenses 16,305. Management and general expenses 2,287. Fundraising expenses 507. Total expenses 19,099. Vehicle: program service expenses 13,704. Management and general expenses 1,913. Fundraising expenses 424. Total expenses 16,041. School events: program service expenses 14,909. Management and general expenses 0. Fundraising expenses 0. Total expenses 14,909. Bank and brokerage charges: program service expenses 11,606. Management and general expenses 1,628. Fundraising expenses 361. Total expenses 13,595. Classroom and lab supplies: program service expenses 12,034. Management and general expenses 0. Fundraising expenses 0. Total expenses 12,034. Testing: program service expenses 10,153. Management and general expenses 0. Fundraising expenses 0. Total expenses 10,153. Class projects and clubs: program service expenses 9,596. Management and general expenses 0. Fundraising expenses 0. Total expenses 9,596. Library: program service expenses 6,680. Management and general expenses 0. Fundraising expenses 0. Total expenses 6,680. Fine arts: program service expenses 6,587. Management and general expenses 0. Fundraising expenses 0. Total expenses 6,587. Telephone: program service expenses 5,137. Management and general expenses 717. Fundraising expenses 159. Total expenses 6,013. Hospitality: program service expenses 4,562. Management and general expenses 640. Fundraising expenses 142. Total expenses 5,344. Head of school: program service expenses 3,404. Management and general expenses 478. Fundraising expenses 106. Total expenses 3,988. Postage: program service expenses 3,249. Management and general expenses 456. Fundraising expenses 101. Total expenses 3,806. Cable phone: program service expenses 2,568. Management and general expenses 358. Fundraising expenses 79. Total expenses 3,005. Development expenses: program service expenses 658. Management and general expenses 92. Fundraising expenses 20. Total expenses 770. Awards intl students: program service expenses 291. Management and general expenses 0. Fundraising expenses 0. Total expenses 291.”

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