2024-04-25T16:11:44-05:00 2023-06-30 731185089 ARLEDGE & ASSOCIATES PC 7100 N CLASSEN BLVD STE 200 OKLAHOMA CITY OK 73116 990 2022-07-01 730730839 WESTMINSTER SCHOOL INC WEST 4055240631 600 NW 44TH STREET OKLAHOMA CITY OK 73118 ROBERT H NELSON II PRESIDENT 4055240631 2024-04-18 1 ROBERT NELSON II 999009999 0 JENNIFER LINDSTROM P02083973 4053480615 2024-04-16 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ROBERT S VERNON 600 NW 44TH OKLAHOMA CITY OK 73118 11343410 0 X WWW.WESTMINSTERSCHOOL.ORG X 1963 OK ESTABLISH, MAINTAIN, AND CONDUCT A SCHOOL FOR THE INSTRUCTION AND TRAINING OF YOUTH. 21 20 154 421 0 0 390381 411238 8908877 9351432 332670 590349 28090 -1270 9660018 10351749 801844 822859 0 0 6034252 6326852 0 0 101331 2320247 2398804 9156343 9548515 503675 803234 26585227 28871590 2984253 3203381 23600974 25668209 TO EDUCATE CHILDREN BY ENGAGING THEM ACTIVELY IN EXPERIENCES THAT CHALLENGE STUDENTS TO SOLVE PROBLEMS AS COOPERATIVE, CONFIDENT, AND RESPONSIBLE LEARNERS. 0 0 7090143 822859 9351432 EDUCATIONAL PROGRAMS FOR CHILDREN OF PRESCHOOL AGE THROUGH EIGHTH GRADE. 7090143 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 1 36 0 1 154 1 0 0 0 0 0 0 0 0 0 0 0 0 X 21 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 OK X X DEBBY GRAHAM 4055240631 600 NW 44TH OKLAHOMA CITY OK 73118 ROBERT S VERNON HEAD OF SCHOOL 50.00 X X 305347 0 28883 CANDACE WILLIAMS LISLE TRUSTEE 1.00 X 0 0 0 DAVID HARRIS TRUSTEE 1.00 X 0 0 0 EDIE ROODMAN TRUSTEE 1.00 X 0 0 0 GAYLA JONES TRUSTEE 1.00 X 0 0 0 JANE PULS MD TRUSTEE 1.00 X 0 0 0 KELLY MCLAIN TRUSTEE 1.00 X 0 0 0 KELLY MOODY TRUSTEE 1.00 X 0 0 0 MALLORY VAN HORN FINANCIAL AID CHAIR 1.00 X 0 0 0 MARK GROSSMAN TRUSTEE 1.00 X 0 0 0 VICTOR STOLBACH DEVELOPMENT/MARKETING 1.00 X 0 0 0 DAVIS HUDIBURG PROPERTY CHAIR 1.00 X 0 0 0 DIANA HAMPTON MD TRUSTEE 1.00 X 0 0 0 VAN HUGHES AUDIT CHAIR 1.00 X 0 0 0 AARON HORTON TREASURER, FINANCE CHAIR 1.00 X X 0 0 0 BOBBY NELSON PRESIDENT 5.00 X X 0 0 0 DARREN TAWWATER HR/BENEFITS CHAIR 1.00 X X 0 0 0 DAVID GRIFFIN ENDOWMENT CHAIR 1.00 X X 0 0 0 ELIZABETH PICKENS VICE PRESIDENT 1.00 X X 0 0 0 PAIGE BASS PAST PRES/TRUSTEESHIP CHAIR 1.00 X X 0 0 0 SARAH PITMAN SECRETARY 1.00 X X 0 0 0 NIKKI EDWARDS TRUSTEE 1.00 X 0 0 0 RUTH ANN REGENS ASSISTANT HEAD 50.00 X 151907 0 19252 DEBORAH GRAHAM DIRECTOR OF FINANCE 50.00 X 132924 0 16619 590178 0 64754 3 0 1 0 LADIES CLEANING SERVICES LLC 6212 S COUNTRY CLUB DR OKLAHOMA CITY OK 73159 CLEANING 132550 1 101030 310208 33980 411238 TUITION 561000 9119632 9119632 ENROLLMENT FEES 561000 231800 231800 9351432 455407 455407 32750 38477 -5727 -5727 -5727 980942 846000 134942 134942 134942 103904 101030 107184 -3280 -3280 7737 7737 7737 10351749 9351432 0 589079 822859 822859 590178 590178 4461161 3046009 1357096 58056 308226 221875 82808 3543 608533 438050 163489 6994 358754 258248 96383 4123 30241 30241 12210 12210 41850 41850 20722 20722 20911 20911 15986 15986 240122 125967 113896 259 135751 71214 64390 147 229190 205913 21109 2168 958149 910242 38326 9581 155917 155917 REPAIRS & MAINTENANCE 386210 366903 15445 3862 DEVELOPMENT 48617 36145 12472 DUPLICATION 45533 23886 21598 49 POSTAGE AND SHIPPING 7699 7699 49696 8799 40820 77 9548515 7090143 2357041 101331 2415111 2917343 1611979 1239651 18715 34035 68116 90023 21366328 15463516 6650408 5902812 15710107 18569218 110791 118508 26585227 28871590 338781 342220 2645472 2861161 2984253 3203381 X 22620030 24673137 980944 995072 23600974 25668209 26585227 28871590 803234 1264001 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 14075128 704012 1635659 0 16414799 14880961 1151639 -1957472 0 14075128 10338115 2182971 2796025 436150 14880961 9491009 703351 527625 383870 10338115 8243661 856548 728785 337985 9491009 0.94600 0.05400 1 0 2005835 2005835 18409843 14749989 3659854 950650 713527 237123 5902812 X 10904574 1264003 111681 1375684 9528890 822859 822859 10351749 8837337 111681 111681 8725656 822859 822859 9548515 PART V, LINE 4: THE INTENDED USE OF THE ENDOWMENT FUND IS FOR THE TAX EXEMPT MISSION OF THE ORGANIZATION, INCLUDING FUNDING FOR FINANCIAL AID FOR STUDENTS, AND FOR FACULTY AND STAFF SALARIES. PART X, LINE 2: THE SCHOOL IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE EXCEPT FOR AMOUNTS RELATING TO UNRELATED BUSINESS INCOME. THERE WERE NO UNRELATED BUSINESS INCOME TAXES INCURRED IN EITHER FISCAL YEAR 2023 OR 2022. IT IS ALSO EXEMPT FROM STATE TAXES AS AN INSTITUTION ORGANIZED FOR EDUCATIONAL PURPOSES. ACCORDINGLY, NO PROVISION FOR TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. MANAGEMENT HAS REVIEWED THE SCHOOL'S TAX POSITIONS AND CONCLUDED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT REQUIRE ACCRUAL IN THE FINANCIAL STATEMENTS OR DISCLOSURE IN THE FOOTNOTES TO BE IN COMPLIANCE WITH AUTHORITATIVE LITERATURE. GENERALLY, THE SCHOOL IS NO LONGER SUBJECT TO INCOME TAX EXAMINATION BY FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS PRIOR TO JUNE 30, 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: RECLASS OF RENTAL EXPENSE 38,477. RECLASS OF FUNDRASING EXPENSE 73,204. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID REPORTED NET ON FINANCIALS 822,859. PART XII, LINE 2D - OTHER ADJUSTMENTS: RECLASS OF RENTAL EXPENSE 38,477. FUNDRASING EXPENSE 73,204. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID REPORTED NET ON FINANCIALS 822,859. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 SEE SUPPLEMENTAL PAGE NONDISCRIMINATORY POLICY - SCHEDULE E, PART I, LINE 3 WESTMINSTER SCHOOL, INC. DISPLAYS A NOTICE OF ITS RACIALLY NONDISCRIMINATORY POLICY ON ITS PRIMARY PUBLICLY ACCESSIBLE INTERNET HOMEPAGE AT ALL TIMES DURING ITS TAXABLE YEAR (EXCLUDING TEMPORARY OUTAGES DUE TO WEBSITE MAINTENANCE OR TECHNICAL PROBLEMS) IN A MANNER REASONABLY EXPECTED TO BE NOTICED BY VISITORS TO THE HOMEPAGE. AUCTION 196697 101030 95667 33980 7470 13017 1450 43785 CARNIVAL 8237 8237 565 1735 1654 550 2978 204934 101030 103904 34545 9205 14671 2000 46763 107184 -3280 SCHEDULE G, PART II, LINE 11 BECAUSE SCHEDULE G REQUIRES CASH AND NON-CASH CONTRIBUTIONS FOR THE AUCTION TO NOT BE INCLUDED IN THE FUNDRAISING EVENTS REVENUE CALCULATION, THE NET INCOME SUMMARY TYPICALLY SHOWS A SMALL LOSS. 1 FINANCIAL AID 80 822859 PART I, LINE 2: FINANCIAL ASSISTANCE IS AWARDED BASED ON FINANCIAL NEED. THE AID IS AWARDED BY THE SCHOOL OBJECTIVELY IN A NON-DISCRIMINATORY MANNER. X X X 0 0 0 0 0 0 0 0 0 ROBERT S VERNON HEAD OF SCHOOL 305347 0 0 0 0 0 22497 0 6386 0 334230 0 0 0 RUTH ANN REGENS ASSISTANT HEAD 151907 0 0 0 0 0 11599 0 7653 0 171159 0 0 0 12115 SCHOLARSHIP FINANCIAL AID REBECCA SKARKY FAMILY MEMBER OF ROBERT VERNON, HEAD OF SCHOOL 92501 EMPLOYED FULL TIME AS DIRECTOR OF ADMISSION 0 X AUCTION ITEMS 80 33980 0 1 0 PART I, COLUMN (B): THE NUMBER IS THE NUMBER OF ITEMS CONTRIBUTED. FORM 990, PART VI, SECTION B, LINE 11B IN CONJUNCTION WITH SCHEDULE O EXPLANATION, PART XII, LINE 2C, THE ORGANIZATION WILL MAKE THE FORM 990 AVAILABLE TO ALL MEMBERS OF THE GOVERNING BODY AFTER THE AUDIT COMMITTEE'S INITIAL REVIEW. FORM 990, PART VI, SECTION B, LINE 12C MEMBERS OF THE BOARD OF TRUSTEES ARE APPOINTED TO SERVE WESTMINSTER SCHOOL AND ITS CONSTITUENCIES. THE INDIVIDUALS WHO ACCEPT THIS POSITION ARE EXPECTED TO CARRY OUT THEIR DUTIES IN A MANNER WHICH INSPIRES AND ASSURES THE CONFIDENCE OF THE SCHOOL AND THE BROADER COMMUNITY. THE TRUSTEES SHALL EXERCISE THE UTMOST GOOD FAITH IN ALL TRANSACTIONS TOUCHING UPON THEIR DUTIES TO THE SCHOOL AND ITS PROPERTY. IN THEIR DEALINGS WITH AND ON BEHALF OF THE SCHOOL, THEY ARE HELD TO A STRICT RULE OF HONEST AND FAIR DEALINGS BETWEEN THEMSELVES AND THE SCHOOL. THEY SHALL NOT USE THEIR POSITIONS AS TRUSTEES, OR KNOWLEDGE GAINED THEREFROM, SO THAT A CONFLICT MIGHT ARISE BETWEEN THE SCHOOL'S INTEREST AND THAT OF ANY INDIVIDUAL TRUSTEE. A CONFLICT OF INTEREST ARISES WHEN A TRUSTEE: (1) (A) IS AUTHORIZED TO OR (B) PARTICIPATES IN THE DECISION TO AUTHORIZE OTHERS TO ENTER A BUSINESS TRANSACTION ON BEHALF OF THE SCHOOL, WHICH BUSINESS TRANSACTIONS MAY DIRECTLY OR INDIRECTLY MATERIALLY BENEFIT THAT TRUSTEE OR ANY RELATED OR AFFILIATED PERSON OR ENTITY; OR (2) IS INVOLVED IN ANY ACTIVITY WHICH COULD ADVERSELY AFFECT HIS OR HER JUDGEMENT WITH RESPECT TO THE BUSINESS OF THE SCHOOL. IT IS UNDERSTOOD THAT MANY TRUSTEES ARE ALSO MEMBERS OF WESTMINSTER PRESBYTERIAN CHURCH AND/OR PARENTS/GRANDPARENTS OF STUDENTS AT WESTMINSTER SCHOOL AND THESE ARE NOT CONSIDERED TO BE MATERIAL CONFLICTS. EACH POTENTIAL CONFLICT OF INTEREST SHALL BE REPORTED IN WRITING TO THE BOARD OF TRUSTEES BEFORE ANY ACTION AFFECTING THE PARTICULAR MATTER IS TAKEN AND THE BOARD SHALL DETERMINE HOW TO PROCEED. EACH MEMBER OF THE BOARD OF TRUSTEES SHALL ANNUALLY RECEIVE A COPY OF THE CONFLICT OF INTEREST STATEMENT AND SHALL RETURN A SIGNED COPY TO THE EXECUTIVE COMMITTEE OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 15A AN EVALUATION IS PERFORMED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. THE CURRENT PRESIDENT OF THE BOARD THEN REVIEWS THE EVALUATION USING STATISTICAL DATA FROM SURVEYS SUBMITTED BY VARIOUS MEMBER SCHOOLS OF THE INDEPENDENT SCHOOLS ASSOCIATION OF THE SOUTHWEST (ISAS) FOR COMPARATIVE PURPOSES. AT THE CONCLUSION OF THIS PROCESS, THE BOARD PRESIDENT APPROVES AND SIGNS THE SALARY AGREEMENT. FORM 990, PART VI, SECTION B, LINE 15B: THE SCHOOL DOES NOT COMPENSATE ANYONE WHO FITS THE DEFINITION OF AN OFFICER OR KEY EMPLOYEE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION WILL PROVIDE THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS UPON REQUEST. FORM 990, PART VI, SECTION A, LINE 1A: THE BOARD OF TRUSTEES MAY APPOINT AN EXECUTIVE COMMITTEE CONSISTING OF THE PRESIDENT, VARIOUS VICE-PRESIDENTS, THE SECRETARY, THE TREASURER, AND THE CHAIRMEN OF COMMITTEES SO DESIGNATED BY THE BOARD OF TRUSTEES. THE EXECUTIVE COMMITTEE SHALL HAVE AND EXERCISE ALL THE POWERS OF THE BOARD OF TRUSTEES WHEN THE BOARD IS NOT IN SESSION, EXCEPT THAT THE ACQUISITION OR THE DISPOSITION OF ANY REAL PROPERTY BY THE CORPORATION SHALL HAVE THE PRIOR APPROVAL OF THE BOARD OF TRUSTEES. VACANCIES IN THE EXECUTIVE COMMITTEE SHALL BE FILLED BY THE BOARD OF TRUSTEES. SPECIAL MEETINGS OF THE EXECUTIVE COMMITTEE MAY BE HELD AT ANY TIME UPON CALL OF THE PRESIDENT, OR DURING HIS ABSENCE, UPON THE WRITTEN REQUEST OF ANY TWO MEMBERS OF THE COMMITTEE. MEMBERS OF THE EXECUTIVE COMMITTEE SHALL BE NOTIFIED OF ALL REGULAR AND SPECIAL MEETINGS, BUT SUCH NOTICE NEED NOT BE IN WRITING. ANY MEMBER OF THE EXECUTIVE COMMITTEE MAY WAIVE NOTICE OF ANY MEETING OF THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION A, LINE 2: A NUMBER OF TRUSTEES, OR THEIR SPOUSES, ARE EMPLOYED AT COMPANIES THAT OFFER INSURANCE, REAL ESTATE, OR FINANCIAL SERVICES, OR ARE PROFESSIONALS WHO OFFER SERVICES, AND MAY THEREFORE HAVE ONGOING OR OCCASIONAL BUSINESS OR PROFESSIONAL SERVICE RELATIONSHIPS WITH OTHER TRUSTEES. THESE BUSINESS OR PROFESSIONAL SERVICE RELATIONSHIPS ARE UNRELATED TO SERVICE ON THE ORGANIZATION'S BOARD OF TRUSTEES. THE EXISTENCE OR POSSIBILITY OF SUCH RELATIONSHIPS DOES NOT CREATE ANY ISSUES OR CONFLICTS IMPACTING THE OPERATIONS OF THE ORGANIZATION. FORM 990, PART XII, LINE 2C: THE BOARD OF TRUSTEES HAS DELEGATED THE REVIEW OF THE FORM 990 TO THE AUDIT COMMITTEE. THE AUDIT COMMITTEE REVIEWS A DRAFT OF THE FORM 990 PRIOR TO FILING THE FORM. SUBSEQUENT TO THE AUDIT COMMITTEE REVIEW, THE FORM 990 IS MADE AVAILABLE TO ALL MEMBERS OF THE GOVERNING BODY. ONCE THE APPROVAL OF THE AUDIT COMMITTEE IS RECEIVED, AND THE GOVERNING BODY ACCEPTS THE AUDIT COMMITTEE REPORT OF THE FORM 990, THE FORM IS FILED.