Berkeley Hills Parents Association

“A copy of the 990 is distributed to board members. Board members have one week to review the 990 and suggest amendments.”

“Conflict policy provisions are included in the bhns bylaws, which were adopted october 1, 1985 page 13 and page 14 as follows: article 10: contracts and loans with directors section 10.01 - (a) no director or officer of this corporation, nor any other corporation, firm, association, or other entity in which one or more of this corporation's directors or officers are directors or have a material financial interest, shall be interested, directly or indirectly, in the any contract or other transaction with this corporation, unless (i) the material facts regarding such director's or officer's financial interest in such contract or transaction and/or regarding such common directorship, officership, or financial interest are fully disclosed in good faith and are noted in the minutes, or are known to all members of the board prior to consideration by the board of such contract or transaction; (ii) such contract or transaction is authorized in good faith by a majority of the board by a vote sufficient for that purpose without counting the vote of votes of such interested director(s); (iii) prior to authorizing or approving the transaction, the board considers and in good faith determines after reasonable investigation under the circumstances that the corporation could not obtain a more advantageous arrangement with reasonable effort under the circumstances; and (iv) this corporation enters into the transaction for its own benefit, and the transaction is fair and reasonable to this corporation at the time the transaction is entered into.”

“Ceo/dir compensation review includes the following: - according to the directors' contracts, bhns directors salaries are set and approved by the board. - bhns hr subcommittee reviews comparability data of employees and directors compensations. - directors contracts are to be approved by the board and recorded in the minutes”

“Governing documents and reports are available upon written request or in person at the school office.”

“35 volunteers provided approximately 450 hours of volunteering to bhns. They volunteered by: - serving on the board - helping in the classroom - organizing fundraising activities - chaperoning during fieldtrips - serving on board subcommittees”

“Unrealized losses on investments -1,398 prior year adjustment -213 total -1,611”