The John Thomas Dye School

“The 990 is reviewed prior to filing by the audit committee and the headmaster/secretary of the organization. All other board of trustee members are entitled to a review and copy of the 990 if/upon request.”

“Each trustee, officer, and key employee reviews a conflict of interest policy and statement and completes a specific form affirming no conflicts exist.”

“The school determines compensation of ceo, officers, or key employees via an independent deliberative process. The executive committee collects comparative data from schools at the local, state and national levels and in a separate process, employs an independent national compensation expert to develop separate and distinct compensation information and data in an independent manner. The executive committee meets with the independent national compensation expert to compare and contrast all of the collected data and establish a total compensation package consistent with the strategic plan and unique needs and market positioning of the school. A proposed compensation package is then discussed with the full board of trustees and modified and changed as the full board deems appropriate. Thereafter, a total compensation package for multiple years is offered to key employees.”

“The school's governing documents, conflict of interest, and financial statements are available upon request from the business office.”

“Security: program service expenses 221,625. Management and general expenses 9,332. Fundraising expenses 2,333. Total expenses 233,290. Other expenses: program service expenses 129,694. Management and general expenses 0. Fundraising expenses 0. Total expenses 129,694. Strategic real estate: program service expenses 0. Management and general expenses 108,188. Fundraising expenses 0. Total expenses 108,188. Janitorial: program service expenses 98,630. Management and general expenses 4,153. Fundraising expenses 1,038. Total expenses 103,821. Master plan debt service: program service expenses 98,437. Management and general expenses 4,145. Fundraising expenses 1,036. Total expenses 103,618. Development: program service expenses 0. Management and general expenses 0. Fundraising expenses 97,387. Total expenses 97,387. Administration: program service expenses 0. Management and general expenses 76,242. Fundraising expenses 0. Total expenses 76,242. Student programs: program service expenses 70,049. Management and general expenses 0. Fundraising expenses 0. Total expenses 70,049. Finance: program service expenses 16,333. Management and general expenses 48,999. Fundraising expenses 0. Total expenses 65,332. Bad debt: program service expenses 0. Management and general expenses 0. Fundraising expenses 44,401. Total expenses 44,401. Pprrsm reserve: program service expenses 41,349. Management and general expenses 1,741. Fundraising expenses 435. Total expenses 43,525. Capital expenditures: program service expenses 39,209. Management and general expenses 1,651. Fundraising expenses 413. Total expenses 41,273. Admissions: program service expenses 12,803. Management and general expenses 0. Fundraising expenses 0. Total expenses 12,803.”

“The audit committee assumes responsibility for oversight of the audit of its financial statements and selection of an independent auditor. The process has not changed since the prior year.”