De Toledo High School

“The executive committee are all on the governing board. The committee includes the board president, executive vice president, treasurer, sercretary, vice president of development, and the head of school.”

“Tammy shpall is the dean of deans and reports to the principal. Tammy is the spouse of the head of school who has ultimate authority.”

“After the cpa firm prepares the form 990, the chief financial and operating officer reviews the form 990 in detail. A copy of the full form 990 is provided for review and approval to all board members prior to finalizing with irs.”

“The conflict of interest policy applies to all officers and board members, with a direct or indirect conflicting interest including any financial interest. They are required to comply with the conflict of interest policy and complete an annual statement reporting any potential conflicts. An interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of board committees considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the board or board committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or board committee members shall decide if a conflict of interest exists. The interested person may make a presentation at the board or board committee meeting, but after the presentation, he/she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest. The board president or board committee chair shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. After exercising due diligence, the board or board committee shall determine whether the school can obtain, with reasonable efforts, a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the board or board committee shall determine by a majority vote of the disinterested members whether the transaction or arrangement is in the school's best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination it shall make its decision as to whether to enter into the transaction or arrangement. If, after hearing the member's response and after making further investigation as warranted by the circumstances, the board or board committee determines the member has failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action by recusing themselves from participating in any executive session discussions.”

“The annual process for determining compensation of the organization's head of school includes review and approval by the executive committee, use of comparability data and market indicators and contemporaneous documentation of the deliberation and decision. The evaluation committee conducts a review of the head of school on an annual basis. Salary comparables are provided to the president of the board, who then reviews them with the hos compensation committee and compared against goals. The comparable salaries come from the national association of independent schools, california independent schools association, and the prizmah organization. This review is presented to and discussed by the board in a closed executive session. At that time, the evaluation committee recommends compensation based on this review and comparable data. The employment contract for the head of school must then be ratified by the board. The process does not apply to other officers and key employees. The process described here was last completed in 2025.”

“The school's governing documents and conflict of interest policy are not available to the public. Basic financial data is included in the school's annual report.”

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