Seacrest School Inc.

“The school has members who appoint the members of the governing body.”

“There is a nominating and governance committee that solicits suggestions for proposed members. The committee reviews the proposals and puts names forth. Ballots are then sent to voting members along with curriculum vitaes or resumes.”

“Individuals of the governing body are approved by persons of authority within the organization as necessary.”

“Once the form 990 is completed by the accounting firm, the form 990 is given to the accounting contractors for an initial review. It is then provided to the head of the school and to the board members for a final review process. Unless the board poses any concerns, the form 990 is subsequently finalized.”

“To ensure that the school operates in a manner that is consistent with its charitable purpose, periodic reviews shall be conducted to help monitor and enforce their conflict of interest policy. The periodic reviews shall include a review of whether the compensation arrangements are reasonable, based on competent survey information and the result of arm's length bargaining. Also, a review of whether partnerships, joint ventures (if any), and arrangements with management organizations conform to the school's written policies by examining whether arrangements are properly recorded, reflect reasonable investment or payment for goods and services, further charitable purposes and do not result in impermissible private benefits or an excess benefit transaction. The procedures for addressing potential conflicts of interest are outlined as follows: the chairperson of the governing board or committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. After exercising due diligence, the governing board or committee shall determine whether the school can obtain with reasonable efforts a more advantageous transaction for arrangement from a person or entity that would not give rise to a conflict of interest. An interested person may make a presentation at the governing board or committee meeting, but after the presentation he/she shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon by the remaining board or committee members.”

“For the head of school, there is a compensation committee, comprised of various members of the board of trustees, who reviews the head of school's total compensation package. The head of school sets the compensation for top level management. The raises granted to any and all teachers and staff is approved by the board of trustees within the context of the annual budget. All compensation decisions are supplemented by benchmarking positions against salary information from comparable position within other organizations. All employees have written contracts.”

“All of the governing documents and conflict of interest policy are made available to the public upon request.”