Nueva School

“The organization's accounting firm prepared a draft of the form 990 (using audited financials and other information provided by the organization) and provided to the controller for review. The director of finance and associate head of school reviewed and then forwarded to the head of the school, finance committee co-chairs, board executive committee, and then the rest of the board reviewed prior to filing. Questions were addressed prior to filing.”

“The nueva school conflict of interest policy covers its trustees, head of school, officers and all employees of the school. It requires individuals to disclose to the chair of the board of trustees and the head of school existence of any financial or competitive interest that may give rise to a conflict of interest. Additionally, the head of school and the associate head of school will monitor proposed or ongoing transactions for potential conflict of interest and disclose them to the chair of the board of trustees. A person who reports or is disclosed as having a conflict of interest may be required to be disqualified from participating in related discussion or decision. This policy is discussed each year at a board of trustees meeting, where individuals with potential conflicts are encouraged to disclose any potential conflicts to the head of school and the chair of the board of trustees.”

“The board compensation committee engaged an independent compensation consultant periodically to obtain benchmark data, and assess the appropriate level of compensation for the head of school and associate head of school. The school also prepared benchmark data available from cal-isboa, cais, and nais surveys for compensation committee review.”

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

“The nueva school, an internationally recognized, nonprofit, independent day school, has served gifted and talented learners since 1967. Today, nueva serves 967 students prek-12. Nueva is located in the neighboring towns of hillsborough and san mateo, equidistant between san francisco and silicon valley, serving six different counties throughout the bay area of northern california. A constructivist school, nueva is known for its distinctive inquiry-based interdisciplinary studies, project-based learning, and pioneering work in social-emotional learning and design thinking. The nueva community instills a passion for lifelong learning, fosters social and emotional acuity, and develops the imaginative mind. Our school has received the us department of education national blue ribbon award and the american institute of architects award for school design and sustainability, has been recognized as an apple distinguished program and appointed an ashoka changemaker school, co-founded the common ground speaker series, hosts the biennial innovative learning conference, and was highlighted by the pulitzer prizewinning and new york times best-selling author thomas friedman in his book "that used to be us" in the chapter "average is over."”

“The school has written off the loss on disposition of $3,798,908 for construction in progress on projects that will not be completed.”