National Test Pilot School

“A complete copy of the form 990 is sent to the board for review prior to filing with the internal revenue service.”

“The conflict of interest policy is applicable to all board members, faculty, and staff of the organization. Board members have an ethical responsibility and duty to disclose their interests and, where the board member has an actual or apparent conflict with an action of the board, to refrain from participating in discussions about or voting on any matters that relate to the conflict. Regardless of any legal duty, board members are expected to act as though such a legal duty is present. In all cases in which a potential conflict may exist, the interested board member ensures that the conflict has been clearly and promptly disclosed to the board. Generally, interested board members should recuse themselves when such matters are being discussed. For example, employeeboard members are not involved in approval of budgets that set their salaries and bonuses. Shareholderboard members do not participate in the deliberations of or vote on any matter related to the declaration or payment of dividends or financial distributions of any kind that may inure to the benefit of that member. Ntps will circulate the conflict of interest policy annually to the entire board and obtain annual signed conflict of interest statements from each board member. By signing the policy, members agree to disclose conflicts and act in accordance with the policy. All board members will be mindful of known board member conflicts and invoke the policy as situations arise, noting in minutes any recusals or abstentions resulting from conflicts. If a conflict arises between the times when statements are normally reported to the board, a member advises the chair of the conflict.”

“Ntps uses comparable compensation data for similarly qualified persons in functionally comparable positions at similarly situated organizations when evaluating its compensation packages. It keeps contemporaneous documentation on the decisions regarding compensation agreements. It has a compensation committee who reviews the compensation and presents it to the board for the final decision. Compensation review is done yearly by the board for the ceo, and management does a compensation review yearly for the employees.”

“Governing documents, conflict of interest policy, and financial statements are available to the public upon request.”

“The number of volunteers reflects the number of uncompensated members serving on the ntps board of trustees. It is estimated that each volunteer served between 75 and 100 hours per year. Their services included attending board meetings and attending committee meetings, attending board training (roles & responsibilities, ethics & compliance, governance, accreditation, etc.) as required to oversee ntps and provide strategic oversight.”