Sandia School

“Pete henderson, trustee and len trainer, trustee have a business relationship outside of the organization. Len trainer is a client of pete henderson's. Mimi burns also has business relationships with other members of the board. Len trainor and liz trainor are husband and wife.”

“The cfo will perform the review and then present the form 990 to the governing body. The presentation in the current year will take place after the return is filed.”

“All trustees and key employees are required to complete a conflict of interest disclosure form each year which explains the occasions that might give rise to conflicts and the answers are reviewed by the cfo. Any trustee with a potential conflict of interest is instructed not to vote on any board proposals that pertain to the area of conflict.”

“The head of school's compensation is determined by an independent board of trustees. Key employee compensation is determined by the head of school. The school uses information derived from its professional membership organizations for use in setting parameters for the head of school's salary. Other salaries are established within budgetary constraints and closely follow the local market rates for similar positions. The determination and approval of compensation for the head of school is properly documented.”

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public based upon specific requests by individuals or organizations.”

“Instructional expense: program service expenses 311,347. Management and general expenses 0. Fundraising expenses 0. Total expenses 311,347. Miscellaneous: program service expenses 84,063. Management and general expenses 20,016. Fundraising expenses 4,111. Total expenses 108,190. Bad debts: program service expenses 6,917. Management and general expenses 0. Fundraising expenses 31,530. Total expenses 38,447. Capital expenditures: program service expenses 25,874. Management and general expenses 804. Fundraising expenses 134. Total expenses 26,812. Postage & shipping: program service expenses 17,268. Management and general expenses 3,566. Fundraising expenses 644. Total expenses 21,478. Bank charges: program service expenses 13,147. Management and general expenses 828. Fundraising expenses 300. Total expenses 14,275. Facility rental expenses to page 9: program service expenses -7,137. Management and general expenses 0. Fundraising expenses 0. Total expenses -7,137. Fundraising event expenses to page 9: program service expenses 0. Management and general expenses 0. Fundraising expenses -38,850. Total expenses -38,850.”

“Unrealized gain on swap agreement 25,411.”

“The organization has a committee that assumes responsibility for oversight of the audit and selection of an independent accountant. The oversight and selection process has not changed since the prior year.”