Delphi Schools Inc.

“SEE SCHEDULE L PART IV”

“The form 990 is reviewed by the corporation's management and board of directors.”

“Delphi schools, inc., has a conflict-of-interest policy and a whistle blower policy, which together ensure that any member of the corporation's board of directors (or any committee of the board of directors), and/or any officer, employee, fiduciary, or agent of the corporation (collectively "interested person"), who has a direct or indirect financial interest (a defined term, which includes all circumstances in which an interested person may profit from an action or decision by the corporation in which the interested personnel participates, and of which he or she has knowledge) in a transaction or activity, discloses the exsistence of the financial interest. Such disclosure must be made to the board of directors (or it's appropriate committee) which, in turn, must make a decision of whether a conflict exists, and if it does, whether the subject transaction or actitivy is in the corporation's best interest, is for the corporation's benefit, and is fair and reasonable. Violations result in appropriate disiplinary and corrective action. All officers, board members, and key personnel sign annual statements attesting to their compliance with the corporation's conflict-of-interest policy. All members of the board of directors, and all officers, employees, ficudicaries, and agents of the corporation, are also provided with a copy of the corporation's conflict- of-interest policy and whistle blower policy.”

“Delphi schools, inc., has a compensation policy that ensures against payments in excess of reasonable compensation to its officers, directors, and key employees -- that is, against payments in excess of compensation amounts that would ordinarily be paid for like services by a like organization under like circumstances. In addition, the corporation's conflict-of-interest policy requires periodic review by the board of directors to ensure that compensation arrangements and benefits for the corporation's officers, directors, and key employees do not exceed levels that are reasonable based on independent compensation consultant's written analysis and independent schools salary information provided by the national association of independent schools.”

“See explanation for part vi, line 15a.”

“Delphi schools, inc., makes its governing documents, conflict-of-interest policy, and/or financial statements available to the public only as required by federal and state law.”

“Delphi schools, oregon (delphi) is a component unit of delphi schools, inc., which develops, operates, and advises private, non-sectarian "delphi academy" schools owned and operated by delphi schools, inc., and licenses the "delphi program" to schools owned and/or operated by other nonprofit tax-exempt organizations, in conjunction with delphi schools, inc.'s "delphi program" - comprised of its: (i) educational curriculum, syllabi, and supporting implementation advice for the education of students in preschool/kindergarten through high school and beyond; (ii) educational publications; and (iii) "delphi" trademarks and service marks. Delphi schools, inc., owns and operates a boarding school located in sheridan, oregon ("the delphian school"); delphi schools, inc. Owned and operated a day school located in los angeles, california ("delphi academy of los angeles") through july 2018 when the school was spun-off into its own nonprofit organization. Delphi schools, inc. Also licenses four schools owned and/or operated by other nonprofit tax-exempt organizations: a day school located in milton, massachusetts ("delphi academy of boston"); a day school located in clearwater, florida ("delphi academy of florida"); a day school located in campbell, california ("delphi academy of campbell"), and a day school in los angeles ("delphi academy of los angeles").”