Peninsula School Ltd

“The three types of members of peninsula school shall be (1) the parents of the children attending the school, (2) the school staff, and (3) board members who are not parents or staff each member in good standing shall have one vote on each matter on which the members are entitled to vote.”

“Members (see explanation for line 6) shall have the right to vote on the election and removal of board directors.”

“Members (see explanation for line 6) shall have the right to vote on - any amendment to these bylaws that materially and adversely affects members voting or transfer rights as set forth in th bylaws article x, section 4, and all amendments to the articles of incorportaion of this corporation, except for the amendments permitted to be adopted by the board of directors alone under section 5812(b) of the california nonprofit public benefit corporation law, - the disposition of all or substantially all of the assets of this corporation, - any merger of this corporation, - any dissolution of this corporation, and - any other matters that may properly be presented to members for a vote pursuant to this corporation's articles, bylaws, or action of the board of directors, or by operation of law.”

“Each member of the board receives a copy of the 990 to review before it is filed.”

“Directors and officers must disclose the existence of a potential conflict of interest when it arises and shall leave the 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. Additionally, directors and officers are required to annually sign a statement which affirms that such person: (a) has received a copy of the conflict of interest policy, (b) has read and understands the policy, (c) has agreed to comply with the policy, and (d) understands that the organization is a non-profit organization and that in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes.”

“The school uses comparable market data to set/adjust compensation for all employees. Per the school's salary and wage administration guidelines, the head of school reviews, deliberates, and decides on the compensation of the director of finance. The comparable market review is conducted once every two years.”

“Peninsula school, ltd provides its governing documents, conflict of interest policy and financial statements on request.”

“Bad debt expense -15,000. Change in value of charitable remainder trust 11,879.”

“No changes either in the oversight process or selection process from the prior year”