Fountain Valley School of Colorado

“During intervals between meetings of the board of trustees, the executive committee may exercise all the powers of the board of trustees to the extent that the board of trustees has delegated issues to the executive committee, except that the executive committee shall not appoint trustees, hire or discharge the head of school or sell or mortgage school lands, without specific authorization from the board.”

“The form 990 is prepared by a third-party preparer with a detailed review being completed by the cfo or other selected administrators of the organization. After a secondary review is performed by the audit committee of the board of trustees form 990 a is distributed to the full board prior to filing.”

“A conflict of interest policy statement is reviewed annually by the board of trustees at the first meeting of the fiscal year. All trustees are required to sign and submit the statement annually. Questions about potential conflicts of interest are submitted to the executive committee of the board of trustees for review and decision and may be brought before the entire board for discussion as deemed necessary by the executive committee. Concerns about potential conflicts, raised by organization staff, are directed through the head of school to the board of trustees. Concerns regarding a conflict of interest require a board member to recuse themselves from voting on the issue in conflict. All deliberation and decisions regarding conflicts of interest are documented in board meeting minutes.”

“The board of trustees directly hires the head of school and determines the compensation package. Members of the executive committee of the board of trustees are responsible for negotiating compensation of the head of school or may delegate some aspects to the head of school search committee. Head of school compensation is determined based on qualifications and experience as measured against the national association of independent school norms and consultation with consultants familiar with independent schools. A written contract (head of school's contract) of duties and responsibilities along with salary and benefits is provided each year after the annual performance review. The cfo is hired by the head of school under the advice and consent of the board of trustees. The cfo receives a written contract which delineates duties and responsibilities along with salary and related benefits. Benefits received are the same package as provided to other employees of the school. Compensation is determined based on qualifications and experience and consultation with consultants familiar with independent schools. The last review of key employee compensation occurred in may 2023.”

“The governing documents, financial statements, and conflict of interest policy are made available to the public on request.”

“The process for oversight and selection of an independent accountant has not changed from the prior year.”