Windward School

“Executive committee is responsible for advising the board chair and the head of school, evaluating the performance and setting the compensation of the head of school, monitoring the progress of the board and the strategic plan, and making decisions delegated to it by the board between board meetings. The committee shall consist of the current officers of the board with the head of school serving as an ex-officio member.”

“The director of finance, the chief operationg officer, the head of school, the chair of the finance and operations committee and the chair of the board of trustees review the 990 forms prior to submitting them to the irs.”

“The school's board of trustees has adopted a conflict of interest policy to ensure that board actions are adopted free from any actual or appearance of conflict of interest. Trustees are expected to use common sense and good judgement in the exercise of their duties. While this list is not exhaustive, the following are common examples that could give rise to a potential or actual conflict of interest. (a) a trustee or a member of the trustee's immediate family is related to any school employee or relative of an employee by blood, marriage or domestic partnership which employee or relative could be impacted by a matter to be considered by the board. (b) a trustee, or any entity by which the trustee or a member of the trustee's immediate family is employed or in which the trustee has a direct or indirect financial interest, stands to benefit from a school transaction, including without limitation receiving payment from the school for any contract, good, or service, other than in reimbursement for reasonable expenses incurred on behalf of the school. (c) a trustee, or a member of the trustee's immediate family, has a real property interest that could be impacted(either positively or negatively) by the school's operations following disclosure of an actual or potential conflict of interest, the board chair shall determine whether an actual conflict of interest exists. If so, the chair shall refer the matter to the executive committee which shall determine how best to protect the school's interest. The chair of the board shall disclose his or her own actual or potential conflicts of interest to the remainder of the executive committee, who shall determine whether an actual conflict of interest exists. If so, refer the matter to the executive committee, which shall determine how best to protect the school's interest. Each trustee must sign and date this policy annually, at or before the first fall board meeting. In addition, key employees participate in an annual conflict of interest sign-off. A trustee who is involved in a potential conflict of interest is not allowed to vote on any matters related with the conflict of interest.”

“The school uses the benchmarking tool provided by the nais to compare and evaluate the compensation packages of similar positions in the area. In addition, the school hires an independent consultant that evaluates the compensation packages of several heads of school in the area. The executive committee reviews both reports, evaluates the results and sets the new compensation for the head of school. Head of school compensation was reviewed in the 2024 school year by the executive committee. The head of school reviews, evaluates and decides the compensation packages of key employees.”

“The school's governing documents, conflict of interest policy and financial statements are available to the public upon request. The school makes its form 990 available for public inspection without charge during regular business hours at the business office.”

“Loss on uncollectible contributions receivable -285,867.”

“Audit committee is responsible for recommending the retention and, as applicable, termination of an independent auditing firm for the corporation, and on an annual basis, review the audit with the independent auditor.”