Manzano Day School

“Management reviews the form 990, then the finance committee reviews it. Finally, the form 990 is distributed to the board of trustees for their review before it is finalized and filed.”

“Each trustee and administrator signs an annual disclosure statement.”

“The board of trustees is responsible for setting the compensation of the head of school. The executive committee gathers data on comparable salaries from the national association of independent schools' (nais) stats-on-line database and from data collected by the school's accrediting agency, the independent schools association of the southwest (isas). The committee sets the head's salary and any other compensation based on the nais and isas data from elementary schools of comparable size, similar region and other factors. The committee makes a recommendation to the board and the board votes on the compensation. The comparable salary data is documented in the employee personnel file. The head of school sets compensation of other employees using information from the same database.”

“Governing documents, conflict of interest policy, and financial statements are available upon request. This is publicly announced at school meetings.”

“Development: program service expenses 0. Management and general expenses 0. Fundraising expenses 91,704. Total expenses 91,704. Special student activities: program service expenses 48,955. Management and general expenses 16,206. Fundraising expenses 0. Total expenses 65,161. Parents' association: program service expenses 0. Management and general expenses 0. Fundraising expenses 58,187. Total expenses 58,187. Tuition refund plan: program service expenses 0. Management and general expenses 41,518. Fundraising expenses 0. Total expenses 41,518. In-kind expense: program service expenses 0. Management and general expenses 0. Fundraising expenses 29,716. Total expenses 29,716. Bus: program service expenses 23,439. Management and general expenses 0. Fundraising expenses 0. Total expenses 23,439. Bad debt: program service expenses 0. Management and general expenses 1,294. Fundraising expenses 0. Total expenses 1,294. Less: gaming expense to page 9: program service expenses 0. Management and general expenses 0. Fundraising expenses -10,858. Total expenses -10,858. Less: fundraising expense to page 9: program service expenses 0. Management and general expenses 0. Fundraising expenses -21,549. Total expenses -21,549.”

“The audit committee assumes responsibility for oversight of the audit of the financial statements and the selection of an independent accountant. This process has not changed from the prior year.”