True School Inc.

“The form 990 is reviewed by the corporation's management, legal consultant, and board of directors before it is filed.”

“It is expected that no board member or corporation's management member shall use his or her position, or knowledge gained there from in such a manner that a conflict arises between the interest of delphi academy of florida and any of its affiliates and his or her personal or professional interests. Each board member or corporation's management member has the duty to place the interest of the organization foremost in any dealings on behalf of the organization, and has a continuing responsibility to comply with this policy. In order to comply with this policy, it is expected that: - if a board or corporation's management member has an interest in a proposed transaction with delphi academy of florida in the form of a significant personal or organizational financial interest in the transaction or holds a position as trustee, director, officer or staff member in such organization, he or she must make full disclosure of such interest before any discussion or negotiation of such transaction. - any board or corporation's management member who has a potential conflict of interest with respect to any matter coming before the board or the organization's management shall not participate in any discussion of or vote in connection with the matter unless invited to respond to questions or provide factual information. - any board or corporation's management member who gains privileged information by virtue of his or her role as a board or management member shall not use that privileged information for personal or professional gain. This policy shall be distributed annually to board members and organization's management members. A signature in the designated space at the bottom of this policy will indicate the members agreement to abide by this policy to the best of his or her ability.”

“Compensation for individuals employed as executive, officer and key employee of delphy academy shall be subject to review and approval. The process of review and approval of compensation shall include all of these elements: (1) review and approval by the board of directors or designated committee; (2) use of data as to comparable compensation; and (3) contemporaneous documentation and recordkeeping.”

“The organization compares salaries of these key positions to the national association of independent schools for similar positions.”

“The organization makes its governing documents, conflict-of-interest policy, and/or financial statements available to the public only as required by federal and state law.”

“Delphi academy of florida is a nonprofit corporation organized exclusively for educational and charitable purposes. Delphi academy of florida operates a preschool through 12th grade private school in clearwater, florida. The average enrollment ranges from 165 to 180 students.”

“Financial aid was granted for 45 students during the school year.”