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.”

“Lunch program - buttery: program service expenses 207,771. Management and general expenses 0. Fundraising expenses 0. Total expenses 207,771. Spaf expenses: program service expenses 189,875. Management and general expenses 0. Fundraising expenses 0. Total expenses 189,875. Equipment rental & maintenance: program service expenses 176,397. Management and general expenses 12,097. Fundraising expenses 0. Total expenses 188,494. Equipment purchases: program service expenses 111,186. Management and general expenses 4,580. Fundraising expenses 0. Total expenses 115,766. Professional advancement: program service expenses 52,931. Management and general expenses 30,819. Fundraising expenses 0. Total expenses 83,750. Miscellaneous: program service expenses 53,079. Management and general expenses 20,583. Fundraising expenses 0. Total expenses 73,662. Endowed awards: program service expenses 51,620. Management and general expenses 0. Fundraising expenses 0. Total expenses 51,620. Textbooks: program service expenses 46,606. Management and general expenses 0. Fundraising expenses 0. Total expenses 46,606. Bad debt expense: program service expenses 0. Management and general expenses 41,709. Fundraising expenses 0. Total expenses 41,709. Dues and subscriptions: program service expenses 5,561. Management and general expenses 19,655. Fundraising expenses 0. Total expenses 25,216. Student enrichment programs: program service expenses 19,822. Management and general expenses 0. Fundraising expenses 0. Total expenses 19,822. Admissions and testing: program service expenses 7,287. Management and general expenses 9,653. Fundraising expenses 0. Total expenses 16,940. Bank and credit card fees: program service expenses 0. Management and general expenses 16,561. Fundraising expenses 0. Total expenses 16,561.”

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