The Hutchison School

“The governing body reviews the 990 before it is filed.”

“As outlined in the by-laws, potential conflicts of interest require immediate disclosure and review by the board of trustees. An annual disclosure statement is required to be submitted to the head of school and the board of trustees.”

“The compensation committee of the board uses comparability data and deliberation/decision substantiation of accomplishments, etc. To determine compensation. Independent compensation consultants are used periodically to review/advise on compensation.”

“The school makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“On-line store merchandise cogs: program service expenses 229,831. Management and general expenses 0. Fundraising expenses 0. Total expenses 229,831. Buzz shop cogs: program service expenses 200,516. Management and general expenses 0. Fundraising expenses 0. Total expenses 200,516. Printing and publications: program service expenses 0. Management and general expenses 164,289. Fundraising expenses 0. Total expenses 164,289. Instructional: program service expenses 148,477. Management and general expenses 0. Fundraising expenses 0. Total expenses 148,477. Bad debts: program service expenses 0. Management and general expenses 121,503. Fundraising expenses 0. Total expenses 121,503. Student activities: program service expenses 82,455. Management and general expenses 0. Fundraising expenses 0. Total expenses 82,455. Membership dues: program service expenses 0. Management and general expenses 70,331. Fundraising expenses 0. Total expenses 70,331. Strategic planning: program service expenses 0. Management and general expenses 61,047. Fundraising expenses 0. Total expenses 61,047. Telephone: program service expenses 0. Management and general expenses 31,147. Fundraising expenses 0. Total expenses 31,147. Postage and shipping: program service expenses 0. Management and general expenses 24,320. Fundraising expenses 0. Total expenses 24,320. Equipment rental: program service expenses 0. Management and general expenses 22,422. Fundraising expenses 0. Total expenses 22,422. Taxes and licences: program service expenses 0. Management and general expenses 18,950. Fundraising expenses 0. Total expenses 18,950. Capital campaign expenses: program service expenses 0. Management and general expenses 9,505. Fundraising expenses 0. Total expenses 9,505.”

“Increase in cash value of life insurance 15,982. School owned life insurance premiums -36,655.”

“The organization has a committee that assumes responsibility for oversight of the audit of its financial statements and the selection of an independent accountant.”

“Section 1.263(a)-1(f) de minimis safe harbor election the hutchison school 1740 ridgeway road memphis, tn 38119 employer identification number: 62-0540400 for the year ending june 30, 2018 the hutchison school is making the de minimis safe harbor election under reg. Sec. 1.263(a)-1(f).”