Western Village Academy Inc

“DOUGLAS M. SMITH - Business relationship, TIMOTHY PEHRSON - Business relationship”

“Integris ambulatory care corporation is the sole members of western village academy, inc.”

“INTEGRIS AMBULATORY CARE CORPORATION, AS THE SOLE MEMBERS OF WESTERN VILLAGE ACADEMY, INC., hAS THE POWER (1) TO ELECT OR REMOVE MEMBERS OF THE BOARD; (2) APPROVE THE ORGANIZATION'S STATEMENT OF PHILOSOPHY, PURPOSE, OBJECTIVES OR MISSION; (3) APPROVE LONG TERM CAPITAL IMPROVEMENTS IN EXCESS OF $100,000; (4) APPROVE ANY INCURRENCE OF ANY INDEBTEDNESS IN EXCESS OF $100,000, (5) APPROVE EXECUTION OF LEASES OR MANAGEMENT AGREEMENTS IN EXCESS OF $25,000, AND (6) APPROVE ANY AMENDMENT, MODIFICATION, OR RESTATEMENT OF THE BYLAWS.”

“Integris ambulatory care corporation is the sole members of western village academy, inc. As such it has the power (1) to elect or remove members of the board; (2) approve the organization's statement of philosophy, purpose, objectives or mission; (3) approve long term capital improvements in excess of $100,000; (4) approve any incurrence of any indebtedness in excess of $100,000, (5) approve execution of leases or management agreements in excess of $25,000, and (6) approve any amendment, modification, or restatement of the bylaws.”

“The organization is a member of an integrated healthcare system controlled by integris health, inc. (system). The system has a single audit compliance committee which oversees the consolidated financial statement audit as well as the filing of federal and state tax forms. The system engages a paid preparer experienced in the preparation of form 990 to prepare the form. A draft form 990 is provided to the system vice president, finance for review. A final form 990 is given to the system chief financial officer for review, approval, and signature. The final form 990 is made available to the organization's board of directors, as well as to the system's audit/compliance committee, for review prior to filing the return.”

“Part vi: question 15a & 15b - the secretary, ruth m. Rayner, also serves as the principal of western village academy, inc. Her compensation is based on the okc public school administrator's pay scale, taking into consideration her education, experience and tenure. Like the other school employees, her pay and performance are evaluated annually, and pay adjustments are approved by the president/ceo, as recommended by the school director. She receives no compensation for serving on the advisory board, or for serving as corporate secretary. The other officers of western village academy, inc. Are not compensated by the organization. As such, a process for determining the compensation for these individuals is not required.”

“The organization does not make its financial statements, governing documents and conflicts of interest policy available to the public. However, the financial statements of the organization are included in the consolidated financials for integris health, inc., a related corporation. These consolidated financials are disclosed for bond compliance purposes using digital assurance certification.”

“Western village academy is included in the combined audited financial statement of integris health, inc. These combined financial statements are prepared on the basis of generally accepted accounting principles (gaap).”

“The stanley f. Hupfeld academy at western village”

“Western village academy, inc. Hereby makes the de minimis safe harbor election under section 1.263(a)-1(f) of the treasury regulations, effective for the tax year ending june 20, 2024. Taxpayer has an applicable financial statement for the year of the election. This election permits the taxpayer to deduct for tax purposes any item deducted under its book policy that does not exceed $5,000 per invoice (or per item, as substantiated by the invoice) or items having an economic useful life of twelve months or less as described in section 1.263(a)-1(f)(1)(i).”

“Western village academy, inc. Is making the election under treas. Reg. 1.263(a) 3(n) to capitalize those repair and maintenance costs that it treats as capital expenditures on its books and records for the tax year ended june 30, 2024.”