Potomac Classical Conservatory

“Allison morgan, president, and chad morgan, board director - family relationship”

“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 tax preparer and reviewed in detail by the organization's top management. The reviewed form 990 is then provided to the board of directors prior to filing with the irs.”

“The organization requires all officers and board members to annually complete and sign a conflict of interest questionnaire. The president is responsible for reviewing the signed statements and ensuring that interested persons are in compliance with the conflict of interest policy. A board director reviews the president's signed statement. 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.”

“The compensation for the president is determined by the head support and evaluation committee. The president is currently under a five-year contract and the head support and evaluation committee tracks performance on an annual basis. Regional comparability data is used, and the discussion and final decision process is documented in the board minutes. Form 990, part vi, section b, line 15b: the president determines the compensation for the other employed officers of the school using published compensation reports for comparability data. The board approves and documents this process as a part of the annual budget process.”

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