Ucic School

“The chairperson and board members of the finance committe review the form 990 prior filing. Once determined as it is properly completely, the head of school sings the approved form 990 to be submitted to the irs and a copy of the entire form 990 is made available upon request.”

“Ucic adopted a policy to prevent conflict of interest which address unpermitted types of party transactions and detailed procedures to maintain sufficent level of transparency into the stewardship of its funding. The policy is annually reviewed by board of directors.”

“Compensation of the head of school and other officers are reviewed and approved annually by the board of directors. All salary schedules are approved annually by the finance committee and the board as part of the annual budget decision as part of this process the finance committee reviews multiple salary data sources for comparison purposes including csi and salary information from local public and private schools, other schools form 990 returns and internet resources.”

“APPLY THE SAME POLICY AND PROCEDURE EXPLAINED UNDER FORM 990, PAGE 6, PART VI, LINE 15a.”

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

“The amount of payroll protection program loan from small business administration was forgiven.”

“The organization believed that a timely extension request (Form 8868) for the tax year ending August 31, 2024, was submitted prior to the original due date. However, the organization later learned that the extension may not have been properly processed. Upon receiving notice from the IRS, the organization promptly completed and filed its Form 990. The late filing was unintentional and due to reasonable cause. The organization respectfully requests that no penalty be assessed under IRC 6652(c).”