All Saints Academy Inc.

“There shall be an executive committee consisting of not less than the president and three other trustees as may be determined by the board. Except when the board is in session, and except as its powers may be otherwise limited by the board, the executive committee shall have and may exercise the powers of the board in the management of the business and affairs of the corporation and may authorize the seal of the corporation to be affixed to all papers which may require it. The executive committee shall also have the power of general supervision, management, and control of the business of the corporation and over its several officers. Elected members of the executive committee shall be by a majority vote of the trustees then in office. A majority of all the members of the executive committee may determine its rules of procedure not provided herein, unless the board shall otherwise provide. The board shall have the power to change the members of the executive committee at any time, either with or without cause, and to fill vacancies; provided that all vacancies on the executive committee shall be filled by a majority vote of the trustees then in office. Any action which may be taken at a meeting of the executive committee, may be taken without a meeting if authorized by a writing signed by all members of the executive committee who would be entitled to vote at a meeting for such purpose and filed with the secretary of the corporation. Unless previously authorized by the board, all actions taken by the executive committee shall be ratified by the board at its next scheduled meeting.”

“A complete copy of the form 990 will be provided to the entire board of directors for review before filing.”

“In connection with any actual or possible conilict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with governing board delegated powers considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conilict of interest exists. An interested person may make a presentation at the governing board or committee meeting, but after the presentation, he/she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conilict of interest. 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 organization can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the governing board or committee shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in the organization's best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination it shall make its decision as to whether to enter into the transaction or arrangement. If the governing board or committee has reasonable cause to believe a member has failed to disclose actual or possible conflicts of interest, it shall inform the member of the basis for such belief and afford the member an opportunity to explain the alleged failure to disclose. If, after hearing the member's response and after making further investigation as warranted by the circumstances, the governing board or committee determines the member has failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action. The minutes of the governing board and all committees with board delegated powers shall contain: the names of the persons who disclosed or otherwise were found to have a financial interest in connection with an actual or possible conilict of interest, the nature of the financial interest, any action taken to determine whether a conflict of interest was present, and the governing board's or committee's decision as to whether a conflict of interest in fact existed. The names of the persons who were present for discussions and votes relating to the transaction or arrangement, the content of the discussion, including any alternatives to the proposed transaction or arrangement, and a record of any votes taken in connection with the proceedings. Each director, principal officer and member of a committee with governing board delegated powers shall annually sign a statement which affirms such person has received a copy of the conflicts of interest policy, has read and understands the policy, has agreed to comply with the policy, and understands the organization is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes.”

“The head of school compensation is determined annually by the executive committee of the board of trustees. This committee reviews the board of trustee evaluations, net promoter score of asa by parents and faculty, and current industry standard data from multiple resources both locally and nationally (nais, fcis, index, etc.). The results and recommendations are documented in the minutes. Compensation and bonus amounts are awarded and goals are established by the chairman of the board.”

“Governing documents, conflict of interest policy, and financial statements are available to the public upon request.”

“BAD DEBT -68,848.”