Colorado Springs Christian Schools

“Parents with students enrolled in the corporation (cscs) shall be members. Each parent is entitled to one vote.”

“Members have the power soley to approve nominees to the board of directors and to vote on proposals to amend the bylaws or articles of incorporation. Each member has one vote.”

“THE president OF THE ORGANIZATION DISTRIBUTES A PDF COPY OF THE 990 RETURN TO ALL BOARD MEMBERS FOR REVIEW AND COMMENT prior TO the return BEING FILED. THE FIRST MEETING OF THE BOARD FOLLOWING THE FILING OF THE 990 WITH THE IRS, THE COMPLETE FORM 990 IS PRESENTED TO THE BOARD BY THE ORGANIZATION'S LEAD OFFICERS WITH RESPONSIBILITY OVER THE FORM 990'S REVIEW, THEREAFTER, QUESTIONS ARE TAKEN AND THE FORM, ITS PREPARATION, AND ITS PUBLIC RELATION IMPACT IS DISCUSSED.”

“Directors sign a policy indicating their compliance with this policy annually. The board reviews the conflict of interest policy annually and any potential conflicts are discussed. Policy 4522 states "when the board is to decide on an issue upon which a director has an unavoidable conflict of interest, that director shall absent herself or himself, without comment, from not only the vote but also from deliberation."”

“The Superintendent's compensation and benefits are considered annually after a review of monitoring reports received in the preceding year from the Superintendent. The board looks at both national surveys for CEO positions as well as ACSI surveys for senior leadership to determine that the Superintendent's compensation is reasonable. Any adjustments to compensation and benefits become effective on the contract anniversary date. The organization does not have any employee meeting the definition Of a key employee.”

“The Governing documents, financial statements, and conflict of interest policy are all available upon request.”

“Superintendent, Roland Derenzo, was compensated $5,000 by the filing organization, Colorado Springs Christian Schools (CSCS), to serve as an officer and board member on HANDPRINTS EARLY EDUCATION CENTERS INC's, a related organization. As such, this $5,000 has been reported on Form 990, Part VII, Section A, Column (e), compensation from a related organization. The total amount of 2023 Form W2 compensation Mr. Derenzo received from CSCS is $ 151,674; $146,674 reported in Column (d) and $5,000 reported in Column (e).”

“Continued...OUT OF THE NEED FOR BIBLE-CENTERED EDUCATION FOR THE CHILDREN OF CHRISTIAN FAMILIES. CSCS SEEKS TO BE AN EXTENSION OF THE HOME AND THE CHURCH, PROVIDING A MEASURE OF CONSISTENCY REGARDING INPUT INTO THE LIFE OF THE CHILD. CSCS SERVES THE HOME AND THE CHURCH IN THE REALM OF CHRISTIAN CHARACTER DEVELOPMENT AS WELL AS IN ACADEMIC, PHYSICAL, SOCIAL AND EMOTIONAL AREAS. THE SCHOOLS HAVE PROGRAMS FOR KINDERGARTEN THROUGH SENIOR HIGH SCHOOL STUDENTS.”

“Financial aid scholarships have been reported netted with tuition revenue on 990 part viii, line 2a, reconciling to the presentation of the audited financial statements. In prior year form 990s, scholarships were separately reported on 990 part ix, line 2, as grants to individuals. The amount of financial aid scholarships given for each program has been reported within the narrative portion of 990 part iii, line 4. An outside organization (fast) accepts financial assistance applications from cscs families and determines eligibility. Qualified applicants are then forwarded to cscs and a scholarship committee uses this information to award assistance on an annual basis.”

“OTHER CHANGE IN NET ASSETS: Actuarial Change on Perpetual Trusts: $115,184.”

“The organization has an audit committee that assumes responsibility for selecting the independent auditor for the financial statement audit. This process has not changed from prior years.”