Dallas First Presbyterian Church Developmental Day School

“The daily management of dallas first presbyterian church developmental day school is performed by the board of directors. The organization also has a shared services agreement with first presbyterian church of dallas, texas, a related organization, to perform administrative and operational support. As the school does not have a large operational budget, the allocation is based on a flat fee support allocation of operations, finance/accounting, and communications. Per irs guidance, no compensation is shown on form 990, part vii, section a for a top management official. The equivalent fee for 2024 shared services is $110,696.”

“Two directors are elected annually by a vote of a majority of the parents of children enrolled at the school.”

“The organization has no committees with authority to act on behalf of the governing body. Therefore, this line was answered no in accordance with the instructions.”

“Form 990 is prepared by an independent cpa firm and is reviewed by the president and treasurer of the organization for accuracy. The reviewed 990 is then provided to the board of directors prior to being filed with the irs.”

“The organization requires all officers and board members to annually complete and sign a conflict of interest questionnaire. The board president is responsible for reviewing the signed statements and ensuring that interested persons are in compliance with the conflict of interest policy. Should any potential conflicts of interest be disclosed, the board member or officer would be asked to refrain from participation in any deliberation or decision with regard to matters affected by the relationship.”

“Independent members of the board of directors are responsible for determining compensation and benefits for the executive director. Board members utilize comparability data during this process which includes compensation and benefits provided to similar positions at similar organizations, within a similar geographic region. Decisions reached are recorded in the board minutes.”

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

“First presbyterian church of dallas is the common pay master for all of its related entities, including dallas first presbyterian church developmental day school. All w-2s are filed by first presbyterian church of dallas, texas with payroll expense allocations reported on the dallas first presbyterian church developmental day school.”

“Change in Interest in Net Asset of FPCD Foundation - 3543; Total - 3543;”