Saint Jerome Institute Inc

“The treasurer sends a copy to each board member via email and asks each member to review the 990 draft and submit any concerns or questions before the next executive committee meeting. The the meeting, the executive committee votes on whether or not to approve the990 draft.”

“St jerome institute mentions in their bylaws to include their charitable, religious, and educational purpose, in which they are a nonprofit corporation that is organized under the maryland nonstock corporations law exclusively for charitable, religious and educational purposes. St.jerome included their permitted activities, which shall include without limitation, the operation of a private secondary school under the name st. Jerome institute. The senior executive administrator of the school appointed by board (the head of school) shall serve as a non-voting director. As the non-voting director, they are entitled to the board or such committee may, by a majority vote, enter into an executive session at which only voting directors may be present. The executive committee consisting of not the less than three (3)voting directors may be elected by a majority vote of the board to serve until the board shall otherwise determine.”

“The saint jerome institute board of directors determine the salaries of any officers, management and key employees by reviewing salary schedules for employees from similar local instutution and takes in account the cost of living increases based on where potential hires are coming from.”

“Financial statements are provided upon request.”

“Reconcile changes based on expenses.”