Keystone School

“Part a: the form 990 is first reviewed by the finance committee, and then by the entire board of directors at an annual board meeting prior to submitting the form for reporting purposes. At the annual board meeting, all trustees and directors are allowed to review the form 990 and ask any questions that may arise. The final approved form 990 is then submitted to the internal revenue service.”

“The organization monitors & enforces compliance with the conflict of interest policy through an annual verification document.”

“The Executive committee, serving as the Compensation Committee, uses the nonprofit information service company, GuideStar USA, Inc., to compile information regarding comparable compensation for nonprofit schools. Further, the organization uses compensation reports from an annual survey conducted by THE INDEPENDENT SCHOOLS ASSOCIATION OF THE SOUTHWEST (ISAS), and data from the NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS (NAIS) StatsOnline Service in determining the salary components of all contracts. THE BOARD OF DIRECTORS REVIEW AND APPROVE COMPENSATION FOR TOP MANAGEMENT OFFICIALS, OTHER OFFICERS AND KEY EMPLOYEES.”

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

“Keystone school 119 e. Craig place san antonio, tx 78212 employer identification number: 74-1193337 for the year ending may 31, 2016 keystone school is making the de minimis safe harbor election under reg. Sec. 1.263(a)-1(f).”

“The School has a note receivable due from an employee. The note accrues interest at 3.3% and is payable in ten annual payments of $11,903.24, including interest. Management determined that this amount is fully collectible; therefore, no allowance for uncollectible accounts is considered necessary. The note receivable balance was $82,313 and $91,300 at May 31, 2016 and 2015 respectively.”

“The organization's process for assuming responsibility for oversight of the audit, review, or compilation of its financial statements and the selection of an independent auditor have not changed from the prior year.”