Monte Vista Christian School

“The School's top management official and top financial official each review the Form 990 prior to its filing with the IRS. A copy of the final Form 990 is also provided to the voting members of the School's governing body prior to its filing with the IRS.”

“The School's conflict of interest policy is distributed to each member of the School's governing body, its officers, and its key employees on an annual basis. Each such individual provides an annual disclosure statement indicating that they have received, read, understood, and agreed to comply with the policy, certifying that: (1) they have no relationships or interests that present a conflict of interest, (2) they have one or more conflicts of interest that have been fully disclosed as required by the policy and have been properly administered in conformity with the policy, or (3) they have previously undisclosed conflicts of interest and disclosing the details of such conflicts. Any disclosure statements with previously undisclosed conflicts of interest are forwarded to appropriate School officials to take appropriate actions as required by the policy.”

“The School has adopted an executive compensation-setting policy applicable to all of the Organization's key executives, including the Organization's Head of School, officers and key employees. Under the policy, an independent committee of the Board of Directors annually reviews and approves the compensation levels of the Head of School. The deliberations and decisions of the committee are contemporaneously substantiated. The committee utilizes comparability data in its deliberations; updated comparability data is generally obtained every two to three years. In intervening years, inflationary cost of living adjustments are generally provided. The Head of School is responsible for setting compensation for all other key executives of the School, using similar procedures to those described above.”

“The School provides, upon request, copies of its Articles of Incorporation, bylaws, conflict of interest policy, and its financial statements.”

“Other compensation reported for Ms. Daniels and Ms. Swing includes the value of employer-provided housing under IRC Section 119.”

“During the year ended June 30, 2024, it came to the School's attention that certain noncash benefits in the form of tuition discounts provided to family members of the board (based on the board members' service on the board) should have been reported as taxable compensation to the relevant board members on Forms 1099. Accordingly, during the year ended June 30, 2024, the School filed the appropriate Forms 1099 to report the board tuition discounts for the open tax years. The School subsequently discontinued its policy of providing tuition discounts based on board member service. The amounts reported in Part VII, Section A, include tuition discounts provided to family members of two of the School's board members, reported on Forms 1099 to such board members, as follows: Dave Grazian 2021 - $13,800 2022 - $14,713 2023 - $17,950 Steve Nelson 2022 - $6,488 2023 - $6,998”

“Other Professional: Program service expenses 1,484,076. Management and general expenses 560,039. Fundraising expenses 76,938. Total expenses 2,121,053.”

“The School's Board of Directors, or a committee thereof, assumes responsibility for the oversight of the audit of its financial statements and the selection of an independent accountant. This process has not changed from the prior year.”