Oakbrook Preparatory School

“The 990 is prepared by an outside cpa firm and reviewed by the organization's business manager before filing. A copy of the 990 is given to the board prior to filing.”

“Each employee, director, principal officer, and member of a committee with board delegated powers shall annually sign a statement that they agree to comply with the conflict of interst policy and to disclose any actual or possible conflict of interest. The board monitors and enforces compliance with the conflict of interest policy.”

“The compensation of the head of school (top management official) is determined by the board upon recommendation from the hiring committee.”

“Governing documents, financial statements and annual 990 tax return are available to the public upon request.”

“Adjustment for 2015 fair value of interest rate swap agreement -210,022. Adjustment for 2016 fair value of interest rate swap agreement 158,170.”

“The finance committee of the board of directors is responsible for the annual review of the financial statements and the selection of the outside cpa who is engaged to perform the review. The process for the oversight of the review and the selection of the outside cpa firm has not changed from the prior year.”

“Details of the amended return are: 1: part i , line 1 and part iii, line 1: mission statement updated. 2: part i, lines 8-18 revised for corrections made to parts viii and ix of form 990. 3: part iii, line 4a: expenses, including grants and revenue revised for corrections made to part viii and ix. Description of programs service updated. 4: part iv, line 18: answered yes for corrections made to part viii, lines 1c and 8a. B and c. Schedule g added and included in amended return. 5: part iv, line 22: answered yes for corrections made to part ix, column a, line 2. Schedule i added and included in amended return. 6: part vi, section b, line 11a: answered yes with required information included in schedule 0. 7: part vi, section b, line 12 a-c: answered yes with required inforamtion included in schedule o. 8: part vi, section b, line 14: answered yes. 9: part vi, section b, line 15a: answered yes with required information included in schedul o. 10:part vii, section a, line 1a: removal of officer designation for chair of building and grounds. 11: part viii, line 1: corrections made to various categories of contributions. 12: part viii, line 2a: business code corrected. 13: part viii, line 8: line 8 was completed for fundraising events. 14: part ix, line 2: line 2 completed. 15: part ix, line 5: correction made to allocation of officers' compensation between program service expenses and management and general expenses. 16: schedule g: schedule g, part ii completed and included in amended return. 17: schedule i: schedule i, part iii and iv completed and included in amended return.”