Seven Arrows Elementary School

“The steering committee may, by resolution adopted by a majority of the steering committee then in office, designate or appoint one or more committees, each consisting of one or more members of the steering committee, and, if appropriate, non-members of the steering committee to be designated by the steering committee, to serve at the pleasure of the steering committee. Such committees may be for the purpose of development, curriculum, admission, steering committee or board of trustee nominations, execution of steering committee policy (an executive committee), finance, parent participation, site development, or for any other purpose permitted by california law. Any committee, to the extent provided in the resolution of the steering committee, shall have all the authority of the steering committee, except as limited by applicable law (including section 5212 of the california nonprofit corporation law or corresponding section of any future act).”

“The form 990 is prepared by the school's outside public accounting firm based on information provided by management. The return is reviewed by management and any changes incorporated into the form 990, excluding schedule b, is provided to the finance committee for approval before filing.”

“A self-dealing situation or conflict may arise if the school is a party to any arrangement in which one or more of the trustees, administrators or other employees of the school, or any entity or person related to any of such persons ("related party"), individually has a material financial interest. All conflict of interest is determinded by the board. Any such transaction is prohibited, unless specifically approved in advance by the board or the executive committee. Each person must report any conflict of interest in which such person is or may be involved to the president, if a trustee, or the head, in case of employees, who will determine how the conflict will be resolved. On an annual basis, the head of school will provide the executive committee with a summary list of the gifts received by each school employee which exceed $100. Any trustee, administrator, employee or other representative who discovers any breach of this policy must immediately advise the president (for trustees) and the head of school (for employees) of all pertinent details. A trustee with a conflict of interest is prohibited from voting on the manner.”

“The head of school's compensation is reviewed and authorized annually by the steering committee of the board of trustees. This review process entails a comparison to peer schools and other relevant performance factors. Our school benefits from continuing leadership from the head of school, who also is the founder, bringing over 20 years of insight and experience. The head of school operates under the terms set out in her contract dated july 2011. It is expected that the contract will be reviewed with any necessary modifications for the 2022-2023 school year. Executive compensation is determined annually by the head of school. This review considers peer schools and other relevant performance factors. The process described here was last completed in 2024.”

“The school's governing documents and conflict of interest policy are available upon request.”

“The process for oversight and selection of an independent accountant has not changed from the prior year.”