The Lamplighter School

“Form 990 review process the form 990 is prepared by outside, independent accountants based on information from the accounting firm's audited financial statements and the school. It is reviewed by management of the school and the audit committee. The form is made available to the members of the audit committee and is reviewed by the committee with the accounting firm. The form is then made available to the board of trustees via the secure board portal website. After the deadline for any trustee comments, the final draft is approved by the executive committee. After the approval, the school files the form 990 and all schedules to the irs.”

“Monitoring and enforcement of conflict of interest policy the organization's assistant head for finance and operations is responsible for monitoring the conflict of interest policy and its compliance, disclosure and resolution procedures. The assistant head for finance and operations shall disclose to the head of school and audit chair all conflicts of interest reported to him or her under these conflict of interest compliance, disclosure and resolution procedures. The audit committee will evaluate the disclosures to determine whether they involve actual conflicts of interest and may attempt to develop alternatives to remove the conflict from the situation. The procedures for acting on conflict of interest transactions are outlined in the conflict of interest compliance, disclosure and resolution procedures for the board of trustees, officers and key employees.”

“Determining compensation the head of the school's contract stipulates that the employee's performance throughout the term shall be evaluated in accordance with the following procedures: the head evaluation committee shall meet with the employee annually between april 1 and june 30 for the purpose of formulating the employee's goals for the following academic year, and the results of such meeting will be reported to the executive committee. The head evaluation committee shall meet with the employee annually between april 1 and june 30 for the purpose of giving the employee an evaluation of his or her performance for the preceding acadmic year, and the results of such meeting will be reported to the executive committee. While not stipulated in the head of school's contract, we have reported to the board about renewals for key employees. The head of school, during the budget process, applies the same raise as other administrators and adjusts base salaries with comparative information from other schools. Comparable salary data from i.s.a.s head of schools compensation annual survey is also used during the process.”

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

“Description of the organization's mission: dedicated in igniting the potential of each child, lamplighter engages children in the joy of learning through intellectual discovery in a creative, inclusive, and collaborative environment. Core commitments: 1. Lamplighter promotes academic excellence through an innovative curriculum and teaching that cultivates the potential in each child. 2. Lamplighter actively engages children in the joy of learning, teaching them to be tomorrow's problem solvers and laying the foundation for lifelong learning. 3. Lamplighter develops character, confidence, and collaborative skills through social and emotional curriculum. 4. Lamplighter embraces diversity in all its facets, striving to be a genuinely inclusive community, respectful of social and cultural differences and seeking broader understanding of the world. 5. Lamplighter encourages curiosity and creativity through hands on learning while preserving the wonder of childhood.”

“Tax-exempt bond outstanding principal balance question 24 is not applicable and should be answered "no." question 24 was answered "yes" in order to generate schedule k to show the organization's final payment for its bond redemption. As of 5/31/2016, the organization's last day of its fiscal year, the organization did not have any tax-exempt bond with an outstanding principal balance of more than $100,000. In fact, the organization has a zero balance for its tax-exempt bond, which was redeemed and paid in full as of august 31, 2015. Please refer to schedule k.”

“Committee's oversight and selection process the organization has a committee that assumes responsbility of the oversight of the audit and selection of an independent accountant. There was no change to the process during the year.”