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.”

“Administration: Program service expenses 0. Management and general expenses 320,154. Fundraising expenses 0. Total expenses 320,154. Student Programs: Program service expenses 307,555. Management and general expenses 0. Fundraising expenses 0. Total expenses 307,555. Security: Program service expenses 221,411. Management and general expenses 9,323. Fundraising expenses 2,331. Total expenses 233,065. Janitorial: Program service expenses 197,995. Management and general expenses 8,337. Fundraising expenses 2,084. Total expenses 208,416. Capital Expenditures: Program service expenses 186,049. Management and general expenses 7,834. Fundraising expenses 1,958. Total expenses 195,841. Strategic Real Estate: Program service expenses 0. Management and general expenses 142,210. Fundraising expenses 0. Total expenses 142,210. Development: Program service expenses 0. Management and general expenses 0. Fundraising expenses 83,817. Total expenses 83,817. other expenses: Program service expenses 14,108. Management and general expenses 65,577. Fundraising expenses 0. Total expenses 79,685. PPRRSM Reserve: Program service expenses 39,035. Management and general expenses 1,644. Fundraising expenses 411. Total expenses 41,090. Master Plan Debt Service: Program service expenses 34,192. Management and general expenses 1,440. Fundraising expenses 360. Total expenses 35,992. Admissions: Program service expenses 21,026. Management and general expenses 0. Fundraising expenses 0. Total expenses 21,026.”

“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.”