Trinity Christian Academy

“School secretary receives copy of form 990 from tax preparer and generates copies for board members. Board members receive copies of form 990 in their packet, examine return before board meeting, make lists of any questions or comments. Board members, at meeting, discuss all line items on return, and school secretary answers questions. School secretary forwards questions of board members to tax preparer for tax law clarification and filing procedures.”

“Periodic reviews are conducted to ensure organization operates in a manner consistent with its charitable purposes, and does not engage in activities that could jeopardize its tax-exempt status. Periodic reviews include whether compensation arrangements and benefits are reasonable, based on competent survey information, and the result of arms length bargaining. The reviews reveal whether arrangements with management organizations conform to written policies, are properly recorded, reflect reasonable investment or payments for goods and services, further charitable purposes and do not result in inurement, impermissable private benefit or excess benefit transacitons. Board members elect committees to conduct periodic reviews. Documents made available to public.”

“All governing documents, conflict of interest policy, financial records and tax returns are made available to the public with 24-hour notice. Public may call school to make an appointment to view documents.”

“License $476bank charges $184supplies $6079program supplies $7472training $230substitute teachers $182depreciation exp $4383janitorial $2056maintnenace $673security $2447rent expense $150fingerprinting $36gifts $160”