Sayre School

“Board of trustees has a nominating committee which interviews those interested in joining the board. Nominating committee recommends new members to the board of trustees for vote.”

“Form 990 is reviewed and approved by the executive committee of the board of trustees. A copy of the form 990 (omitting schedule b) is made available to trustees via board portal on the school's secured website.”

“Directors are required to sign written disclosure statement concerning any existing or potential conflicts of interest. Directors are required to notify trustees if circumstances change during the fiscal year.”

“Executive (compensation) committee reviews the contract for headmaster including comparing contract terms with other compensation arrangements for a similar position in other independent schools in the area.”

“The school's policy is to make application for tax exemption as well as form 990 available for public inspection in the school's business office during regular hours of operation. Documents are provided for review upon written request.”

“Utilities: program service expenses 310,364. Management and general expenses 0. Fundraising expenses 0. Total expenses 310,364. Summer camps: program service expenses 197,786. Management and general expenses 0. Fundraising expenses 0. Total expenses 197,786. Personal learning program: program service expenses 167,786. Management and general expenses 0. Fundraising expenses 0. Total expenses 167,786. Extended day program: program service expenses 146,466. Management and general expenses 0. Fundraising expenses 0. Total expenses 146,466. Building maintenance: program service expenses 0. Management and general expenses 140,517. Fundraising expenses 0. Total expenses 140,517. Equipment rental & maintenance: program service expenses 6,492. Management and general expenses 119,817. Fundraising expenses 0. Total expenses 126,309. Textbooks: program service expenses 100,629. Management and general expenses 0. Fundraising expenses 0. Total expenses 100,629. Development expenses: program service expenses 0. Management and general expenses 0. Fundraising expenses 91,757. Total expenses 91,757. Bad debt expense: program service expenses 0. Management and general expenses 72,056. Fundraising expenses 0. Total expenses 72,056. Auto expenses: program service expenses 0. Management and general expenses 38,205. Fundraising expenses 0. Total expenses 38,205. Telephone: program service expenses 0. Management and general expenses 27,259. Fundraising expenses 0. Total expenses 27,259. Homework clinic: program service expenses 25,398. Management and general expenses 0. Fundraising expenses 0. Total expenses 25,398. Printing & publications: program service expenses 0. Management and general expenses 20,736. Fundraising expenses 0. Total expenses 20,736. Admissions and testing: program service expenses 20,464. Management and general expenses 0. Fundraising expenses 0. Total expenses 20,464. Bank charges: program service expenses 0. Management and general expenses 19,659. Fundraising expenses 0. Total expenses 19,659. Parking: program service expenses 0. Management and general expenses 18,473. Fundraising expenses 0. Total expenses 18,473. Dues and subscriptions: program service expenses 0. Management and general expenses 17,283. Fundraising expenses 0. Total expenses 17,283. Teacher and staff recruitment: program service expenses 12,360. Management and general expenses 0. Fundraising expenses 0. Total expenses 12,360. Counseling and special studies: program service expenses 4,238. Management and general expenses 6,717. Fundraising expenses 0. Total expenses 10,955. Postage: program service expenses 0. Management and general expenses 10,934. Fundraising expenses 0. Total expenses 10,934. Miscellaneous: program service expenses 0. Management and general expenses 9,236. Fundraising expenses 0. Total expenses 9,236. Professional advancement: program service expenses 0. Management and general expenses 3,287. Fundraising expenses 0. Total expenses 3,287. Faculty appreciation: program service expenses 0. Management and general expenses 3,256. Fundraising expenses 0. Total expenses 3,256. Community service: program service expenses 300. Management and general expenses 0. Fundraising expenses 0. Total expenses 300.”

“The process of reviewing and approving audited financial statements by the finance committee and the board of trustees has not changed from prior years”