Gooden School

“The form 990 is prepared by the school's independent acountant and provided to the director of finance and operations for review. The form is then provided to the treasurer for review. After accuracy is established, the form is provided to the finance committee for review and circulated to the entire board prior to filing, which is then executed by the head of school.”

“All officers, directors and key employees are covered persons under gooden school's conflict of interest policy. No member of the board or officer can use his/her position, or the knowledge gained there from, in such a manner that a conflict arises between the interest of the corporation and the personal, family or pecuniary interest of such member of the board or one of its officers. All members of the board and its officers have a duty to place the interest of the corporation foremost in any dealings with the corporation, may not obtain for themselves, their family or their affiliates a material interest of any kind from their association with the corporation, and have a continuing responsibility to comply with the requirements of this policy. If a member of the board or officer (or any member of their family) has an interest in a proposed transaction with the corporation or in any organization involved in the proposed transaction, they must make full disclosure of such interest before any discussion or negotiation of such transaction. The conduct of business between any such member of the board or officer, or their family or affiliates, and the corporation must be disclosed promptly and timely in writing to the board and approved in writing by the board. A written record of the disclosure of and description of the conflict, any decisions on such conflict, and any waivers of such conflicts is maintained by the board and by the corporation. The trustee or officer with the relationship can not be present for and can not participate in any discussion or vote in connection with the matter. The executive committee, by a majority vote, has the right to suspend temporarily or place on temporary leave of absence any member of the board or any officer whom the committee determines is acting inconsistently with the requirements of the conflict of interest policy. The board, by a majority vote, may suspend, place on leave of absence or remove any member of the board or any officer whom the board determines is acting inconsistently with the requirements of the conflict of interest policy. Any officer or member of the board involved in an issue of whether they have or have not complied with the requirements of the conflict of interest policy will not participate in the discussion or in the vote at either the executive committee or at the board meeting. Not less than annually, each covered person makes a written disclosure to the chair of the governance committee confirming that they have reviewed the conflict of interest policy.”

“Gooden school's board of trustees has a process for reviewing and approving the compensation of officers and key employees on a triennial basis to determine it is fair and reasonable with the goal of retaining employees at compensation levels within appropriate market range. The process for determining the compensation paid to the head of school and key employees includes the approval of the compensation arrangement in advance, by the board of trustees, with all persons with a conflict of interest abstaining from the trustee's deliberation and discussion. The board reviews comparability data for compensation levels paid by similarly situated organizations, both tax-exempt and taxable, for functionally comparable positions. The documentation of the board includes the terms of the transaction and the date of approval, the members who were present during the debate and vote on the transaction, a description of the comparable data and how it was obtained, and documentation of the basis for the determination.”

“Gooden school makes its governing documents, financial statements and tax returns available to the public at the school during normal business hours. However, current tax law does not require governing documents, conflict of interest policy, and financial statements be available to the public.”

“Professional fees: program service expenses 30,031. Management and general expenses 20,020. Fundraising expenses 0. Total expenses 50,051. Payroll processing fee: program service expenses 40,881. Management and general expenses 27,254. Fundraising expenses 0. Total expenses 68,135.”

“Co-curricular expense: program service expenses 21,760. Management and general expenses 0. Fundraising expenses 0. Total expenses 21,760. After-school program: program service expenses 17,021. Management and general expenses 0. Fundraising expenses 0. Total expenses 17,021. Parents association: program service expenses 15,907. Management and general expenses 0. Fundraising expenses 0. Total expenses 15,907. Taxes & licenses: program service expenses 4,466. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,466.”