The Hawaii School for Girls

“A draft of the form 990 is reviewed by the director of finance & operations, the chair of the finance committee, and the head of school for presentation to the finance committee. The form 990 is presented to the board of trustees for approval prior to being submitted to the irs.”

“The trustees, head of school, and the executive assistant are jointly responsible for monitoring both proposed and ongoing transactions for potential conflicts of interest and addressing any potential or actual conflicts pursuant to the conflicts of interest policy. An annual conflict of interest questionnaire, aimed at determining any family and business relationships and transactions or other transactions that may pose a potential conflict, is distributed t0 all officers, directors, trustees, and key employees. Covered persons are required to disclose real or potential conflicts at the time when such conflicts arise. If a potential c onflict of interest is identified, the individual(s) is required to excuse themselves from the room during relevant discussions and refrain from participating in the board's decision-making process.”

“The executive committee, composed of board members without conflicts of interest, is responsible for determining and reviewing the compensation package for the head of school. The annual performance evaluation considers the head of school's job description and performance objectives established by the board chair in consultation with the head of school. This comprehensive review, conducted at least annually, may result in adjustments to compensation and benefits. The committee utilizes comparable compensation survey data from reputable sources such as nais and guidestar to ensure fairness. The most recent review occurred in july 2024, with results reported to the board in a closed session. Upon completion of the evaluation, the board chair communicates written information regarding the head of school's compensation package, including the effective date and any granted benefits, to the director of human resources. The executive committee documents its decision in the head of school's contract which details the terms of the compensation package. Compensation for other key employees is determined by the head of school utilizing comparable survey data from nais, hais, and guidestar. Generally, annual compensation increases are determined by a board approved percentage increase. The school reviews salary data from other independent schools to ensure that salaries are within market range.”

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

“Irs records currently list the school's name as "hawaii school for girls." prior year returns listed the school's name as its then dba name "la pietra - hawaii school for girls." per the attached amended and restated articles of incorporation adopted january 21, 2021 and filed with the state of hawaii department of commerce and consumer affairs january 28, 2022, the school's name is "the hawaii school for girls."”

“Retirement plan related changes other than net periodic cost 81,332. Actual pension contribution (tax amount) 41,187.”