2017-11-30T09:08:31-06:00 2017-06-30 621199757 LBMC PC PO BOX 1869 BRENTWOOD TN 370241869 990 2016-07-01 237424429 UNIVERSITY SCHOOL OF NASHVILLE UNIV 6153218000 2000 EDGEHILL AVENUE NASHVILLE TN 372122198 VINCENT DURNAN JR DIRECTOR 6153218000 2017-11-30 1 JULIE BARTLETT P00742923 6153774600 2017-11-13 8.42.53.250 2017-11-30 07:03:55 CS P 78742BA970DF2CE507AB63B282659D1DB48AB678 7990E3AC0FB69611D3C332182C7D15A7A68ABC45 2016 2017-02-10 21:41:12Z VINCENT DURNAN JR 2000 EDGEHILL AVENUE NASHVILLE TN 372122198 32791634 0 X WWW.USN.ORG X 1975 TN UNIVERSITY SCHOOL OF NASHVILLE MODELS THE BEST EDUCATIONAL PRACTICES IN AN ENVIRONMENT THAT REPRESENTS THE CULTURAL AND ETHNIC COMPOSITION OF GREATER NASHVILLE, USN FOSTERS EACH STUDENT'S INTELLECT, ARTISTIC AND ATHLETIC POTENTIAL, VALUING AND INSPIRING INTEGRITY, CREATIVE EXPRESSION, A LOVE OF LEARNING, AND THE PURSUIT OF EXCELLENCE. 28 28 467 1000 0 0 3878052 4161218 23640781 24315522 478558 743587 267914 272182 28265305 29492509 2710000 2846000 0 0 16022428 16489453 0 0 1173592 7804284 7708868 26536712 27044321 1728593 2448188 51517262 54331203 7559824 6686722 43957438 47644481 X UNIVERSITY SCHOOL OF NASHVILLE MODELS THE BEST EDUCATIONAL PRACTICES IN AN ENVIRONMENT THAT REPRESENTS THE CULTURAL AND ETHNIC COMPOSITION OF GREATER NASHVILLE, USN FOSTERS EACH STUDENT'S INTELLECT, ARTISTIC AND ATHLETIC POTENTIAL, VALUING AND INSPIRING INTEGRITY, CREATIVE EXPRESSION, A LOVE OF LEARNING, AND THE PURSUIT OF EXCELLENCE. 0 0 23414637 2846000 24386026 OPERATION OF UNIVERSITY SCHOOL OF NASHVILLE SERVING AN ESTIMATED 1054 STUDENTS. 23414637 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 104 0 1 467 1 0 0 0 0 0 0 0 0 0 0 0 0 X 28 28 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 0 0 X X NORMA MILLER 6153218004 2000 EDGEHILL AVENUE NASHVILLE TN 372122198 DEL BRYANT TRUSTEE 1.50 X 0 0 0 XIU CRAVENS TRUSTEE 1.50 X 0 0 0 KATIE CRUMBO TRUSTEE 1.50 X 0 0 0 KIM DANO TRUSTEE 1.50 X 0 0 0 CHARLENE DEWEY TRUSTEE 1.50 X 0 0 0 BURGIN DOSSETT TRUSTEE 1.50 X 0 0 0 ELISABETH DYKENS TRUSTEE 1.50 X 0 0 0 TORY FITZGIBBON TRUSTEE 1.50 X 0 0 0 BOB GORDON TRUSTEE 1.50 X 0 0 0 BRADFORD GULMI TRUSTEE 1.50 X 0 0 0 EDDIE HAMILTON TRUSTEE 1.50 X 0 0 0 HENRY HICKS III BOARD TREASURER 2.00 X X 0 0 0 HAROLD JORDAN TRUSTEE 1.50 X 0 0 0 TERRI KASSELBERG BOARD VICE PRESIDENT 1.50 X 0 0 0 DAVID KLOEPPEL TRUSTEE 2.50 X X 0 0 0 ANDREW MAY TRUSTEE 1.50 X 0 0 0 SEEMA MEHROTRA TRUSTEE 1.50 X 0 0 0 TIM OZGENER TRUSTEE 1.50 X 0 0 0 LISA QUIGLEY TRUSTEE 1.50 X 0 0 0 HOLLY ROCHE TRUSTEE 1.50 X 0 0 0 IVANETTA DAVIS SAMUELS BOARD SECRETARY 2.00 X X 0 0 0 SUSANNAH SCOTT-BARNES TRUSTEE 1.50 X 0 0 0 BRETT SWEET BOARD PRESIDENT 2.00 X X 0 0 0 BRIAN TIBBS TRUSTEE 1.50 X 0 0 0 MIMI VAUGHN TRUSTEE 1.50 X 0 0 0 MITCH WALKER TRUSTEE 1.50 X 0 0 0 LINDE WILSON TRUSTEE 1.50 X 0 0 0 KIMBERLY LEWIS TRUSTEE 1.50 X 0 0 0 VINCENT W DURNAN JR SCHOOL DIRECTOR 65.00 X 320921 0 41412 JOSEPHINE ROBINS LOWER SCHOOL ASSISTANT HEAD 45.00 X 100639 0 13928 JULIET C DOUGLAS DIRECTOR OF ADMISSIONS 45.00 X 162971 0 34808 JEFFREY A GREENFIELD HEAD OF MIDDLE SCHOOL 45.00 X 136197 0 16836 ERIK MASH DIRECTOR OF OPERATIONS 45.00 X 106544 0 11884 JANET SCHNEIDER DIRECTOR OF COLLEGE COUNSE 45.00 X 128439 0 15432 TERESA STANDARD DIRECTOR OF FINANCE 45.00 X 142464 0 17173 ANNE M WESTFALL DIRECTOR OF DEVELOPMENT 45.00 X 127700 0 15701 AMY WOODSON HEAD OF LOWER SCHOOL 45.00 X 128795 0 15642 1354670 0 182816 9 0 1 0 SAGE DINING SERVICE INC 1402 YORK ROAD SUITE 100 LUTHERVILLE MD 21093 CAFETERIA MANAGEMENT 703318 CROSS GATE SERVICE INC 1730 GEN GEORGE PATTON DR BRENTWOOD TN 37027 JANITORIAL SERVICES 263577 RD HERBERT & SONS ROOFING 7336 COCKRILL BEND BLVD NASHVILLE TN 37209 ROOFING SERVICES 158714 3 4161218 661466 4161218 STUDENT TUITION & FEES 611710 22513619 22513619 AFTER SCHOOL PROGRAM 611710 658973 658973 CAFETERIA INCOME 611710 646920 646920 SUMMER PROGRAM 611710 465372 465372 ANCILLARY PROGRAMS 611710 30638 30638 24315522 525217 525217 13369 240 0 0 13369 240 13609 13609 2784821 87383 2613960 39874 170861 47509 218370 218370 577127 396177 180950 180950 256233 249114 7119 7119 BUSINESS OFFICE 611710 70504 70504 70504 29492509 24386026 0 945265 2846000 2846000 406800 406800 13044497 11161619 1163150 719728 609376 513799 59507 36070 975542 824033 98579 52930 1453238 1228637 140067 84534 334879 280634 54245 3112 3112 31262 31262 113403 113403 590985 445806 111571 33608 11706 6603 5103 1938170 1735028 73464 129678 542451 517129 13515 11807 1294686 1196483 98203 88247 83019 3164 2064 236538 204775 28415 3348 1858760 1858760 102822 102822 OPERATING EXPENSES 211365 138693 69221 3451 SPECIAL EVENTS 173774 108635 23010 42129 STUDENT ACTIVITIES 112050 112050 DISCRETIONARY 64658 39531 25127 27044321 23414637 2456092 1173592 4923897 5031211 111672 169894 92728 86235 49550 41746 46163812 22319019 24900897 23844793 20944757 24605004 493761 552320 51517262 54331203 1818310 1804121 763643 885067 4960842 3995892 17029 1642 7559824 6686722 X 27624933 28431762 3455778 4809417 12876727 14403302 43957438 47644481 51517262 54331203 2448188 1238855 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 16530984 1786567 1402730 492408 19227873 15780411 1162335 49230 460992 16530984 14217151 1951416 -15385 372771 15780411 10887648 2415376 1248532 334405 14217151 9494910 1170403 902742 680407 10887648 0.12000 0.75000 0.13000 0 0 2814767 2814767 37981069 18479945 19501124 5276623 3839074 1437549 91353 91353 23844793 US AND INTERNATIONAL EQUITIES 5266205 F BONDS AND FIXED INCOME FUNDS 4624675 F MUTUAL FUNDS 11300972 F CASH AND CASH EQUIVALENTS 3245509 F PRIVATE EQUITY FUNDS 79250 F CASH VALUE OF LIFE INSURANCE 88393 F 24605004 OBLIGATION UNDER INTEREST RATE SWAP 1642 1642 X 28417252 1238855 645291 1884146 26533106 113403 2846000 2959403 29492509 24730209 645291 645291 24084918 113403 2846000 2959403 27044321 PART V, LINE 4: THE SCHOOL'S ENDOWMENT CONSISTS OF DONOR RESTRICTED AND BOARD DESIGNATED QUASI-ENDOWMENT FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. QUASI-ENDOWMENT CONSISTS OF UNRESTRICTED NET ASSETS DESIGNATED FOR FUTURE PURPOSES. THIS PORTION OF UNRESTRICTED NET ASSETS MAY BE EXPENDED AS AUTHORIZED BY THE BOARD OF TRUSTEES INVESTMENT AND SPENDING POLICY OR BY BOARD ACTION. CONTRIBUTIONS TO THE TEMPORARILY RESTRICTED FUND ARE RESTRICTED BY THE DONOR FOR A SPECIFIC PURPOSE. ALSO INCLUDED ARE THE PERMANENTLY RESTRICTED ENDOWMENT MARKET GAINS AND LOSSES RESULTING FROM THE INVESTMENT OF PERMANENTLY RESTRICTED NET ASSETS. THIS PORTION OF TEMPORARILY RESTRICTED NET ASSETS MAY BE EXPENDED AS AUTHORIZED BY THE BOARD OF TRUSTEES INVESTMENT AND SPENDING POLICY FOR THE PURPOSE STIPULATED BY THE DONOR. THE PERMANENTLY RESTRICTED ENDOWMENT FUND INCLUDES NET ASSETS SUBJECT TO DONOR IMPOSED STIPULATIONS THAT THEY BE MAINTAINED PERMANENTLY BY THE SCHOOL. GENERALLY, THE DONORS OF THESE ASSETS PERMIT THE SCHOOL TO USE ALL OR PART OF THE INCOME EARNED ON RELATED INVESTMENTS FOR GENERAL OR SPECIFIC PURPOSES. PART X, LINE 2: THE SCHOOL IS EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF INTERNAL REVENUE CODE SECTION 501(C)(3). ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE FINANCIAL STATEMENTS. A TAX POSITION IS RECOGNIZED AS A BENEFIT ONLY IF IT IS "MORE LIKELY THAN NOT" THE TAX POSITION WOULD BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED IS THE AMOUNT OF TAX BENEFIT GREATER THAN 50% LIKELY OF BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE "MORE LIKELY THAN NOT" TEST, NO TAX BENEFIT IS RECORDED. AS OF JUNE 30, 2017, THE SCHOOL HAS ACCRUED NO INTEREST AND NO PENALTIES RELATED TO UNCERTAIN TAX POSITIONS. IT IS THE SCHOOL'S POLICY TO RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO INCOME TAX MATTERS IN INCOME TAX EXPENSE. THE SCHOOL FILES A U.S. FEDERAL INFORMATION TAX RETURN. THE SCHOOL IS CURRENTLY OPEN TO AUDIT UNDER THE STATUTE OF LIMITATIONS BY THE INTERNAL REVENUE SERVICE FOR THE FISCAL YEARS ENDED AFTER JUNE 30, 2012. PART XI, LINE 2D - OTHER ADJUSTMENTS: BOOKSTORE COGS NETTED WITH REVENUE ON TAX RETURN 249,114. FUNDRAISING EXPENSE NETTED WITH REVENUE ON TAX RETURN 396,177. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED WITH TUITION ON FINANCIALS 2,846,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: BOOKSTORE COGS NETTED WITH REVENUE ON TAX RETURN 249,114. FUNDRAISING EXPENSE NETTED WITH REVENUE ON TAX RETURN 396,177. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED WITH TUITION ON FINANCIALS 2,846,000. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL'S NON-DISCRIMINATORY POLICY IS PRINTED IN BROCHURES, VIEWBOOKS, OPEN HOUSE ADS, AND ALL OTHER PRINTED MATERIAL AVAILABLE TO THE PUBLIC. ARTCLECTIC 343705 343705 5712 7683 274594 EVENING CLASSES 109748 109748 3316 58045 7 123674 123674 7685 128 39014 577127 577127 5712 18684 128 371653 396177 180950 1 FINANCIAL AID 224 2846000 OTHER CREDIT TO RECIPIENTS TUITION BILL SCHEDULE I, PART I, LINE 2: FINANCIAL AID IS AWARDED BASED UPON FINANCIAL NEED OF THE RECIPIENT'S FAMILY. FINANCIAL INFORMATION AND SUGGESTED FINANCIAL NEED OF THE RECIPIENT'S PARENT(S) OR GUARDIAN(S) IS PROVIDED TO THE SCHOOL BY AN INDEPENDENT THIRD PARTY. X 1 1 X X 0 0 0 0 0 0 0 0 0 VINCENT W DURNAN JR SCHOOL DIRECTOR 320921 0 0 0 0 0 31250 0 10162 0 362333 0 0 0 JULIET C DOUGLAS DIRECTOR OF ADMISSIONS 162971 0 0 0 0 0 25459 0 9349 0 197779 0 0 0 JEFFREY A GREENFIELD HEAD OF MIDDLE SCHOOL 136197 0 0 0 0 0 7483 0 9353 0 153033 0 0 0 TERESA STANDARD DIRECTOR OF FINANCE 142464 0 0 0 0 0 7772 0 9401 0 159637 0 0 0 A INDUSTRIAL DEVELOPMENT BOARD OF THE METROPOLITIAN GOV'T OF NASHVILLE 521789764 592106AB4 2002-08-01 8000000 TO FINANCE IMPROVEMENTS TO THE CAMPUS LOCATED IN NASHVILLE, TN. 0 0 0 A 0 0 0 0 A 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 A 0 X 53 661466 FMV - DATE OF GIFT 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 XIU CRAVENS, CHARLENE DEWEY, ELISABETH DYKENS AND BRETT SWEET ARE EMPLOYED BY THE SAME UNIVERSITY. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF FORM 990 IS REVIEWED FIRST BY MEMBERS OF THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES. AFTER THE FINANCE COMMITTEE REVIEWS AND MAKES ANY CHANGES NECESSARY, A REVISED DRAFT IS SENT TO EACH VOTING MEMBER OF THE BOARD OF TRUSTEES. ANY BOARD MEMBER COULD RECOMMEND CHANGES. THE FINAL COPY IS THEN SIGNED BY THE DIRECTOR OF THE SCHOOL AND PAID PREPARER AND ELECTRONICALLY FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE CODE OF BUSINESS CONDUCT AND ETHICS, ADOPTED BY THE BOARD OF TRUSTEES APPLICABLE TO ITS TRUSTEES, OFFICERS, HEAD OF SCHOOL, SENIOR MANAGEMENT, BOARD COMMITTEE MEMBERS, FACULTY AND STAFF (EACH, A "COVERED INDIVIDUAL"). IT IS THE SCHOOL'S INTENTION TO TAKE ALL MEASURES NECESSARY TO PROMOTE AND ENSURE HONEST AND ETHICAL CONDUCT, INCLUDING THE ETHICAL HANDLING OF CONFLICTS OF INTEREST; FULL, FAIR, ACCURATE, TIMELY, AND UNDERSTANDABLE DISCLOSURE IN ALL FINANCIAL REPORTS PREPARED OR DISTRIBUTED BY THE SCHOOL; AND COMPLIANCE WITH APPLICABLE LAWS AND GOVERNMENTAL REGULATIONS. THIS CODE ALSO IS INTENDED TO PROVIDE THE SCHOOL'S DIRECTIVES AND PROCEDURES THAT: (1) PROTECT THE SCHOOL'S LEGALLY PROTECTABLE INTERESTS, INCLUDING ANY BUSINESS-RELATED OPPORTUNITIES, ASSETS, AND/OR CONFIDENTIAL INFORMATION OF THE SCHOOL; (2) PROTECT THE SCHOOL FROM INCURRING UNAUTHORIZED OR UNNECESSARY CONTRACTUAL OR OTHER LIABILITY; (3) DETER ANY COVERED INDIVIDUAL FROM THE COMMISSION OF ANY WRONGFUL ACT ASSOCIATED IN ANY WAY WITH THE SCHOOL; AND (4) PROVIDE A MECHANISM FOR PROMPT AND CONSISTENT ENFORCEMENT OF THE PROVISIONS OF THIS CODE. ALL COVERED INDIVIDUALS ARE EXPECTED TO BE FAMILIAR WITH THIS CODE AND TO ADHERE TO THE PRINCIPLES AND PROCEDURES SET FORTH IN THIS CODE THAT APPLY TO SUCH. THE DIRECTOR OF FINANCE, IN CONJUNCTION WITH THE DIRECTOR OF USN AND/OR THE PRESIDENT OF THE BOARD OF TRUSTEES, IS RESPONSIBLE FOR THE APPLICATION AND INTERPRETATION OF THIS CODE. ISSUES THAT INVOLVE ALLEGATIONS AGAINST OR INVOLVING THE DIRECTOR OF FINANCE ARE TO BE REPORTED DIRECTLY TO THE DIRECTOR OF USN AND/OR THE PRESIDENT OF THE BOARD OF TRUSTEES. IF ANY COVERED INDIVIDUAL IS AWARE OF ANY EXISTING OR POTENTIAL VIOLATION OF THIS CODE, THEY ARE REQUIRED TO PROMPTLY NOTIFY THE PRESIDENT OF THE BOARD, HEAD OF SCHOOL, HUMAN RESOURCES DIRECTOR OR THE DIRECTOR OF FINANCE IN THE MANNER PROVIDED BY USN'S EMPLOYEE WHISTLEBLOWER POLICY. FAILURE TO NOTIFY THE HUMAN RESOURCES DIRECTOR OR THE DIRECTOR OF FINANCE OF ANY SUCH EXISTING OR POTENTIAL VIOLATION WILL BE CONSIDERED A SEPARATE AND INDEPENDENT VIOLATION OF THIS CODE SUBJECT TO DISCIPLINE UP TO AND INCLUDING TERMINATION OF EMPLOYMENT. RETALIATION AGAINST ANY PERSON FOR MAKING A GOOD FAITH REPORT OF ANY ACTUAL OR POTENTIAL VIOLATION OF THIS CODE WILL NOT BE TOLERATED. SUCH RETALIATION WILL BE CONSIDERED A SEPARATE AND INDEPENDENT VIOLATION OF THIS CODE SUBJECT TO DISCIPLINE UP TO AND INCLUDING TERMINATION OF EMPLOYMENT. THE DIRECTOR OF FINANCE (OR DIRECTOR OF USN AND/OR PRESIDENT OF THE BOARD OF TRUSTEES, AS APPLICABLE) SHALL TAKE ALL APPROPRIATE ACTION OR CAUSE SUCH ACTION TO BE TAKEN TO INVESTIGATE ANY POTENTIAL VIOLATIONS OF THE CODE THAT ARE REPORTED. WHEN IT IS DETERMINED THAT A VIOLATION HAS OCCURRED, USN WILL TAKE SUCH DISCIPLINARY, PREVENTIVE OR CORRECTIVE ACTION AS IT DEEMS APPROPRIATE UNDER THE CIRCUMSTANCES (TO INCLUDE DISCIPLINE UP TO AND INCLUDING TERMINATION OF THE EMPLOYMENT OF CULPABLE INDIVIDUALS). A COPY OF THIS CODE IS FURNISHED TO EACH COVERED INDIVIDUAL WHO IS PRESENTLY SERVING THE SCHOOL. THE CODE AND ITS APPLICATION IS REVIEWED ANNUALLY FOR THE INFORMATION AND GUIDANCE OF COVERED INDIVIDUALS, EACH OF WHOM HAS A CONTINUING RESPONSIBILITY TO SCRUTINIZE HIS/HER TRANSACTIONS AND OUTSIDE BUSINESS INTERESTS AND RELATIONSHIPS FOR POTENTIAL CONFLICTS OF INTEREST, AND MAKE DISCLOSURES AS DESCRIBED IN THE POLICY. AS ADMINISTERED BY THE BOARD PRESIDENT, EACH COVERED INDIVIDUAL WILL BE ASKED TO COMPLETE A CERTIFICATION OF RECEIPT OF THE CODE, HIS/HER UNDERSTANDING OF THE CODE AND OBLIGATIONS AND RESPONSIBILITIES THEREUNDER, AND DISCLOSURES OF ANY KNOWN CONFLICTS OF INTERESTS AND ANY CODE VIOLATIONS. SUCH CERTIFICATION SHALL BE SUBMITTED ANNUALLY BY EACH COVERED INDIVIDUAL AND SHALL BE RETAINED WITH THE PERMANENT RECORDS OF THE SCHOOL. FORM 990, PART VI, SECTION B, LINE 15A THE KEY EMPLOYEE (DIRECTOR) DRAFTS AN ANNUAL LETTER OF AGREEMENT (MEMORANDUM OF UNDERSTANDING) IN THE EARLY FALL OF THE CURRENT ACADEMIC YEAR AS WELL AS FISCAL YEAR OUTLINING HIS GOALS AND OBJECTIVES FOR THAT YEAR. THIS AGREEMENT IS SIGNED BY THE KEY EMPLOYEE AND THE PRESIDENT OF THE BOARD OF TRUSTEES. BEFORE THE CLOSE OF THE CURRENT ACADEMIC AND FISCAL YEAR, THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES GOES INTO CLOSED SESSION AND DISCUSSES THE PROGRESS MADE ON THE DIRECTOR'S GOALS AND OBJECTIVES AS OUTLINED IN THE EARLY FALL. SUBSEQUENTLY, THE BOARD PRESIDENT, VICE PRESIDENT, AND PAST PRESIDENT OF THE BOARD OF TRUSTEES MEET AND WITH THE FEEDBACK OBTAINED FROM THE EXECUTIVE COMMITTEE MEETING DRAFT THE COMPENSATION AGREEMENT FOR THE DIRECTOR FOR THE UPCOMING ACADEMIC AND FISCAL YEAR. THE PRESIDENT OF THE BOARD INFORMS THE KEY EMPLOYEE AS WELL AS THE FINANCIAL OFFICE OF THE SCHOOL OF THE AMOUNT OF COMPENSATION PACKAGE WHICH COULD INCLUDE ANNUAL COMPENSATION, BONUS AND/OR PAYMENT OF DEFERRED COMPENSATION UNDER SECTION 457 OF THE IRS CODE. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL'S BY-LAWS AND EMPLOYEE HANDBOOK ARE POSTED ON HUMAN RESOURCES PAGE ON THE SCHOOL'S INTRANET FOR EMPLOYEE ACCESS. THE CODE OF BUSINESS CONDUCT AND ETHICS CERTIFICATION FORMS FOR TRUSTEES AND BOARD COMMITTEE MEMBERS ARE MAINTAINED IN THE DIRECTOR'S OFFICE. ACKNOWLEDGEMENT OF RECEIPT OF THE EMPLOYEE HANDBOOK, WHICH INCLUDES THE CODE OF BUSINESS CONDUCT AND ETHICS AND WHISTLEBLOWER PROTECTION IS MAINTAINED IN THE SCHOOL'S PAYROLL AND HUMAN RESOURCE INFORMATION SYSTEM. THESE ARE AVAILABLE UPON REQUEST. INTERNAL FINANCIAL STATEMENTS OF THE SCHOOL ARE REGULARLY REVIEWED BY THE FINANCE COMMITTEE AND BOARD OF TRUSTEES. AUDITED FINANCIAL STATEMENTS FOR THE FISCAL YEAR ARE REVIEWED BY THE FINANCE COMMITTEE AND THE BOARD OF TRUSTEES AS A REGULARLY SCHEDULED MEETING. THESE AUDITED FINANCIAL STATEMENTS ARE PRESENTED IN DRAFT FORM BY THE AUDIT FIRM CHOSEN TO CONDUCT THE ANNUAL AUDIT PRIOR TO THE FINAL PRESENTATION TO THE BOARD OF DIRECTORS. ANY OF THE SCHOOL'S GOVERNING DOCUMENTS, CODE OF BUSINESS CONDUCT AND ETHICS DOCUMENTS, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.