Astra Nova School

“Draft of return provided to treasurer of the board of trustees and the president of the board of trustees prior to filing.”

“The conflict of interest policy covers all interested persons: any trustee, director, officer or member of a committee with governing board delegated powers (hereinafter "person of authority"), who has a direct or indirect financial interest. Determining whether an actual conflict of interest exists after the disclosure of the financial interest and all material facts, and after any discussion with the interested person, he or she shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists. Procedures for addressing and actual conflict of interest prior to voting on a contract, transaction, or matter in which an actual conflict of interest is found to exist, the board or committee will follow these procedures: a. The interested person may make a presentation at the board or committee meeting at which such transaction is being considered; however, after the presentation, he or she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest. B. The chairperson of the board or committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. C. After exercising due diligence, the board or committee shall determine whether the astra nova could obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. D. If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the board or committee shall determine whether the transaction or arrangement is in the astra nova's best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination, the board shall make its decision as to whether to enter into the transaction or arrangement by vote. Violations of the conflict of interest policy if the board has reasonable cause to believe that an interested person has failed to disclose actual or possible conflicts of interest, it shall inform the interested person of the basis for such belief and afford the interested person an opportunity to explain the alleged failure to disclose. If, after hearing the interested person's response and after making further investigation as warranted by the circumstances, the board determines the interested person has failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action. Annual statements each person subject to this policy shall annually sign a conflict of interest disclosure form (the "annual conflict of interest questionnaire," ) which, at a minimum, affirms that such person: 1. Has received a copy of the policy; 2. Has read and understands the policy; 3. Has agreed to comply with the policy; and 4. Understands the astra nova is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes. In addition, in the annual conflict of interest questionnaire, each person of authority subject to this policy shall make an annual disclosure of ongoing relationships and interests that may present a conflict of interest. Disclosures should address current affiliations, as well as past affiliations for the prior two years. The annual conflict of interest questionnaire shall be submitted to the chairperson of the governance committee. Sitting persons of authority shall submit the annual conflict of interest questionnaire on or before january 30th of each year. Persons of authority who are elected, appointed, or hired after january 30thshall submit the annual conflict of interest questionnaire within 30 days of the beginning of thei”

“Compensation is set based on market survey performed by the board of trustees with additional input from independent hr consulting professionals.”

“Disclosures of governing documents, operating policies and financial statements are made available as requested through the organization's website.”

“Video and translation services: program service expenses 7,806. Management and general expenses 0. Fundraising expenses 0. Total expenses 7,806. Adjunct educator: program service expenses 15,597. Management and general expenses 4,453. Fundraising expenses 101. Total expenses 20,151. Design: program service expenses 5,209. Management and general expenses 1,487. Fundraising expenses 34. Total expenses 6,730. Human resources: program service expenses 866. Management and general expenses 247. Fundraising expenses 6. Total expenses 1,119. Supplemental instruction: program service expenses 80,132. Management and general expenses 0. Fundraising expenses 0. Total expenses 80,132. Payroll fees: program service expenses 0. Management and general expenses 3,735. Fundraising expenses 19. Total expenses 3,754. Other professional fees: program service expenses 63,569. Management and general expenses 18,149. Fundraising expenses 411. Total expenses 82,129.”