Yavneh Day School

“The form 990 was not available to the officers, nor the board of trustees, for their review prior to its filing due to the late preparaion.”

“Board of directors regularly reviews the bylaws, containing the policy on conflict of interest. The bylaws are routinely reviewed and maintained to align with out strategic plan and updated, when necessary, to keep with industry standards. Our policy is practiced during hiring practices and frequently reminded to the board of director and senior staff, when applicable.”

“The board of trustees is responsible for determining the salary of the head of school using information from cais (california association of independent schools), nais (national association of independent schools) and isboa (independent school business officers association). The board is able to make comparisons to comparable schools in our area. The statistics gleaned in the above process are then also used in the determination of the salaries for other staff members.”

“All such information, including governing documents, conflict of interest policy and financial statements, is made available to public upon request at the organization's office.”

“The process has not changed since the prior year.”

“The audited financial statements were not completed before the extended due date, may 15, 2019. The audited financial statements were finalized so the return has been amended to correct the previous reporting and to reflect the finalized audited financial information of the entity. The following parts and schedules of the return were amended: part i, part iii, part iv, part v, part viii, part ix, part x, part xi, part xii, schedule d, schedule g, schedule i, and schedule o. In addiotn, part vii was amended to reflect amended w-2 amounts for two officers. For part i, the revenue and expenses amounts were amended to reflect the finalized audited financial statements. For part iii, the program service revenue, expenses and grant amount were amended to reflect the finalized audited financial statements. In part iv, page 3, line 11 and 12 were modified to include additional parts completed in schedule d to match audited financial statements. In part v, answered yes to the organization complying with the withholding rules. In part vii, the w-2 amounts for the two officers have been revised in accordance due to amended w-2's. In part viii, amounts for contributions, program service revenue, net income from fundraising events and net income from sales of inventory were amended to reflect the finalized audited financial statements. For part ix, allocation of expenses were revised to reflect finalized audited financial statements. For part x, balance sheet amounts were amended to match audited financial statements. For part xi, reconciliation of net assets changed to match financial statements. Part xii changed to show the organization's financial statements were audited on a separate basis by an independent accountant. In schedule d, the amounts on part vi were amended to reflect audited financial statements. In schedule d part ix and part x include other assets and other liabilities not previously reported. In schedule d, part xi and xii, reconciliation of revenue and expenses, reflects amounts reported in the audited financial statements but not on form 990. Schedule d, part xiii, shows a footnote that addresses the organization's tax position. For schedule g, gross receipts for event one changed to reflect audited financial statements. For schedule i, the amount of non-cash assistance was amended to reflect audited financial statements. For schedule o, a footnote was added to note the oversight process has not changed.”