Evangelical Christian School of Memphis

“Form 990, Part I, Line 1 - The mission of Evangelical Christian School is to provide the Christian family a Christ-centered biblically directed education that challenges students to know the Lord Jesus Christ and to develop the vision and practice of excellence in academics, character, leadership, and service to others.”

“The audit committee, comprised of independent trustees, reviews the Form 990 before it is filed.”

“In addition to annual disclosure, officers, trustees and key employees disclose beforehand any potential conflicts of interest in any transaction and recuse themselves from voting on any such transaction. Each week the Schools Chief Financial Officer reviews payment transactions to identify potential conflicts of interest.”

“Each year the school gathers comparable compensation data from the National Association of Independent Schools, the Memphis Association of Independent Schools and Forms 990, from Guidestar.org, for the similar positions at similar schools. Near the end of each school year the Executive Committee (consisting of the Chairman, Vice Chairman, and Secretary/Treasurer, all of which are uncompensated trustees) evaluates the Head of school against the annual goals set at the start of the year, and the current strategic plan. The Executive Committee meets in executive session to review comparable compensation data to determine a year-end performance bonus, if any, and compensation and benefits for the coming year. The Executive Committee documents the minutes of the meeting and its deliberations and decisions. The comparable compensation data is filed with the minutes.”

“Each year the school gathers comparable compensation data from the National Association of Independent Schools, the Memphis Association of Independent Schools and Forms 990, from Guidestar.org, for similar positions at similar schools. Near the end of each school year the Executive Committee (consisting of the Chairman, Vice Chairman, and Secretary/Treasurer, all of which are uncompensated trustees) meets with the Head of School to review the compensation set by the Head of School for the Chief Operating Officer and the Chief Financial Officer. The Executive Committee reviews and discusses the Head of Schools evaluation of the COO and CFO as well as comparative information from other schools. The Executive Committee documents the minutes of the meeting and its review and recommendations. The comparable compensation data is filed with the minutes.”

“Upon request, the School provides at no charge, a copy of its governing documents, conflict of interest policy and/or audited financial statements.”

“The Audit Committee, comprised of uncompensated trustees, annually approves the engagement of a CPA firm for the audit of the financial statements of the School. When the audit is complete the Audit Committee meets in executive session with the auditors to discuss the audit and to receive recommendations, if any, for improvements in financial reporting, internal controls, and related matters.”

“Line 9 - Other changes in net assets - Loss on disposal of fixed assets - $412,512.”