Regents School of Austin Inc

“Election of members and their rights - members are not elected but attain that status by virtue of having a child enrolled as a student in regents school of austin. Members have all the rights, powers, and privileges accorded to them under texas law and in the articles of incorporation and bylaws, including the right to vote for the election of one member of the governing board each year and to participate in the nomination process by signing petitions for candidates for election and recommending names for appointed positions. Members also have the right to appear at the meetings of the board to raise issues of concern, in consultation with the board chairman.”

“The board completes a thorough review of a redacted version of the form 990 for approval and filing authorization.”

“The conflict of interest policy is enforced under the bylaws of the regents school of austin. Each year the members of the board and all committees are asked to review the school's policy on conflicts of interest found in the bylaws and sign a statement that they have conducted such a review and are in compliance with the policy, which requires disclosure of any possible conflicts of interest and consideration by the board of whether a conflict exists, and if so, is permissible as being the best interests of the school on terms that are fair and reasonable to the school. The school is also beginning a process through which all existing contracts and agreements will be reviewed to verify that no conflicts exist and assure that all contracts entered into, whether new or through an amendment to existing agreements, contain language requiring the party contracting with the school to disclose any possible conflicts of interest.”

“Compensation process for top official - a compensation committee is appointed biennially by the board to review the compensation of the head of school. The review evaluates the performance of the head in light of the goals that have been collaboratively established by the head of the school and board and based on his satisfaction of a series of objectives, measurable criteria, with input from the full board. The committee also compares the head's compensation to that of the relevant peer groupings based on available data, specifically the aids of comparable private schools in the austin area and throughout the state of texas and public school district superintendents in the central texas area. The recommendation of the compensation committee is brought to the full board for approval. All decisions regarding compensation for officers or key employees are comtemporaneously documented for recordkeeping purposes.”

“The governing documents, which include the conflicts of interest policy, are made available to members of the school and the public on request. The financial statements are reviewed by the board quarterly in a meeting open to the public. The annual budget for the school, which is developed over the course of two or more meetings open to the public, is finally approved by the board in a meeting open to the public.”

“Recovery of uncollectible contributions receivable 52,138.”