Circle School

“The following changes were made to the organization's bylaws: each director is entitled to one vote with the exception of directors who hold two or more offices, or in the event that one child or siblings is represented by two board members. In such cases, only one vote shall be allowed. The board will accept the representation of the parent or guardian who indicates that they hold the vote. In the event of a dispute between voting members as to who holds the right to vote, the person who signed the tuition agreement holds the voting right. Executive board directors shall be elected for a term of two years and may be re-elected to subsequent terms. All other directors shall be elected for a term of one year. The term of office begins with the april elections and ends the first full week of june of each year. Voting rights for incoming directors shall go in effect on june 1 of every year. Voting rights. Each member in good standing is entitled to one vote per child enrolled in the school. A member is in good standing when they are in compliance with their financial obligations to the corporation, which includes, but is not limited to full compliance with their tuition fee- agreement and any other dues owed to the corporation. A member must be in full compliance with the aforementioned financial duties on or before 14 calendar days prior to any meeting. The secretary in coordination with the treasurer will notify members of their eligibility to vote 21 days before any regular membership meeting.”

“Membership consists of parents and legal guardians of students enrolled in the school's programs. There is only one level of membership.”

“The membership elects the board of directors annually.”

“The membership approves the governing board's decisions related to the annual operating budget, fees charged to members, debt incurred on behalf of the school, sales of assets over 10,000, and the dissolution, merger or amending the certificate of formation.”

“The form 990 is prepared by a third party cpa firm. Upon initial completion, the form 990 is provided to the treasurer for review. Upon receiving approval by the treasurer, the form 990 is completed for filing. The filing copy is signed by an officer of the organization and filed with the internal revenue service. The form 990 is made available to the board of directors electronically and in hard copy in the office of the school.”

“The school's conflict of interest policy covers any director, principal officer, or member of a committee with governing board delegated powers, who have a direct or indirect financial interest as defined in the school's policy. It is the duty of the interested person to disclose any potential conflicts of interest to the governing board or committee. Upon disclosure and discussion, the remaining board or committee members decide if a conflict of interest exists and exercises due diligence in determining if the school may obtain a more advantageous transaction or arrangement. The interested person may not be in attendance during discussion and voting of the possible conflict of interest.”

“The school does not compensate a top management official.”

“When determining compensation for officers, the organization considers outside data to determine compensation. The compensation is established and voted on by members of the governing body that are independent to the officer. The decisions are fully documented in writing.”

“The governing documents, financial statements and conflict of interest policy are made available to the public on a case by case basis upon request.”

“The circle school's mission is to foster and encourage each child's awareness and respect for her/his own unique self, within a framework of shared community ethics and knowledge, as a foundation for relevant and innovative leadership development as citizens of the world.”