The Branson School

“The form 990 was reviewed and approved by the finance committee before it was filed. A copy of the public disclosure version of form 990 was provided to the board.”

“The members of the board of trustees and the head of school shall exercise reasonable care, discretion and good judgement for the benefit of branson. In their dealings with and on behalf of branson, fiduciaries shall be held to a rule of honest, fair and good faith dealing between themselves and branson. They shall not use their positions, or knowledge gained there from, in such a way that a conflict of interest, a potential conflict of interest or the appearance of impropriety arises between the interest of branson and that of the individual. The board shall ensure that any "material" transaction or other matter involving branson in which a fiduciary has a personal, financial, or other interest is in the best interests of branson. All guidelines are encompassed in the employee handbook available to board members, directors, executive committee, cfoo and head of the school. If a conflict of interest exists, the person shall promptly report the existence of an actual or potential conflict of interest or a matter giving rise to the appearance of impropriety for themselves or any "family members" according to the branson school conflict of interest disclosure statement promptly. In addition, officers and board members may not engage in transactions that would result in a real or apparent conflict of interest, including tractions with family members. No fiduciary with an actual or potential conflict of interest or the appearance of impropriety (interested person) may vote on, or be present at the vote for, a matter related thereto or be counted in determining the existence of a quorum at the meeting of the board of trustees at which such matter is voted upon. At the discretion of the chair of the board, the interested person may participate in board discussions concerning such matter, but shall not be counted toward the quorum for the vote upon such matter. If the interested person is unable to mitigate the conflict of interest, the board may remove upon a vote of the matter.”

“The head of school's compensation package is determined exclusively by the board of trustees. A compensation committee of the board of trustees reviews form 990s filed by comparable schools. A written employment contract is signed by the board president and the head of school. The head of school is responsible for determining compensation and benefits for key employees of the school. A survey of compensation and benefits conducted by isboa, and organization of schools in the bay area, is used as a benchmark. The head of school, cfoo and director of hr use benchmarking tools to determine salaries/wages for staff level roles. There is a faculty scale used for all faculty based on years of experience.”

“The governing documents, conflict of interest policy, and financial statements are available upon request for the same period of time set forth in sec 6104(d).”