2026-04-24T07:42:05-05:00 2025-06-30 751044330 LANE GORMAN TRUBITT LLC 2626 HOWELL ST SUITE 700 DALLAS TX 75204 990 2024-07-01 750827460 ST MARK'S SCHOOL OF TEXAS STMA 2143468120 10600 PRESTON ROAD DALLAS TX 75230 SUMMER LOVELAND CHIEF FINANCIAL OFFICER 2143468120 2026-04-16 1 1 MATTHEW D PECK CPA P00029866 2148717500 2024 2025-03-06 01:10:19Z DAVID DINI 10600 PRESTON ROAD DALLAS TX 75230 67721720 0 X WWW.SMTEXAS.ORG X 1934 TX ST. MARK'S SCHOOL OF TEXAS, IS A PRIVATE, NON-PROFIT, NON-SECTARIAN, INDEPENDENT, COLLEGE PREPARATORY DAY SCHOOL FOR BOYS GRADES 1 THROUGH 12. THE SCHOOL AIMS TO AFFORD ITS STUDENTS WELL-ROUNDED PHYSICAL, INTELLECTUAL AND SPIRITUAL EDUCATION. 51 51 321 500 44055 7811 17233293 8366333 32667258 33922622 5862859 4094491 -133515 16910 55629895 46400356 3421261 4140687 0 0 27127086 28148670 55900 55900 2226531 17764062 19334823 48368309 51680080 7261586 -5279724 401975830 420229863 43274879 41741195 358700951 378488668 X ST. MARK'S SCHOOL OF TEXAS IS A PRIVATE, NON-PROFIT, NON-SECTARIAN, INDEPENDENT, COLLEGE PREPARATORY DAY SCHOOL FOR BOYS GRADES 1 THROUGH 12. THE SCHOOL AIMS TO AFFORD ITS STUDENTS WELL-ROUNDED PHYSICAL, INTELLECTUAL, AND SPIRITUAL EDUCATION. 0 0 41233747 4140687 32848092 INSTRUCTIONAL GRADES 1 THROUGH 12 - ST. MARK'S SCHOOL OF TEXAS IS A PRIVATE, NON-PROFIT, NON-SECTARIAN, INDEPENDENT, COLLEGE PREPARATORY DAY SCHOOL FOR BOYS IN GRADES 1 THROUGH 12. THE SCHOOL AIMS TO AFFORD ITS STUDENTS WELL-ROUNDED PHYSICAL, INTELLECTUAL, AND SPIRITUAL EDUCATION. THE SCHOOL IS LOCATED IN DALLAS, TEXAS, AND HAS AN APPROXIMATE ENROLLMENT OF 915 BOYS. 924330 718891 STUDENT ACTIVITIES - WIDE RANGING EXPENSES RELATED TO NONINSTRUCTIONAL ACTIVITIES OF STUDENTS INCLUDING COMMENCEMENT EXERCISES, STUDENT COUNCIL EXPENSES, AND CLASS FIELD TRIPS. 890966 219700 NEW STUDENT ADMISSION FEES - EXPENSES RELATED TO THE MATRICULATIONOF STUDENTS TO THE SCHOOL. 96746 172477 EXTENDED DAY - AFTER SCHOOL CARE FOR BOYS IN GRADES 1 THROUGH 4. THE PROGRAM HAS AN ENROLLMENT OF APPROXIMATELY 60 BOYS. 96746 172477 43145789 1 1 0 0 0 0 0 1 0 1 1 1 0 0 0 1 1 0 1 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 187 0 1 321 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 51 51 1 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X SUMMER LOVELAND 2143468116 10600 PRESTON ROAD DALLAS TX 75230 DAVID B ACKERMAN TRUSTEE 2.00 X 0 0 0 LYDIA B ADDY SECRETARY 2.00 X X 0 0 0 CYNTHIA C BROWN TRUSTEE 2.00 X 0 0 0 MARWIN T BROWN TRUSTEE 2.00 X 0 0 0 DAVID A CAMPBELL TRUSTEE 2.00 X 0 0 0 NANCY P CARLSON TRUSTEE 2.00 X 0 0 0 ROY A CHOI TRUSTEE 2.00 X 0 0 0 ERIC A CLARK TRUSTEE 2.00 X 0 0 0 TONIKA CHEEK CLAYTON TRUSTEE 2.00 X 0 0 0 KATHERINE R CROW TRUSTEE 2.00 X 0 0 0 CHANDRA DHANDAPANI TRUSTEE 2.00 X 0 0 0 CHRISTOPHER S FLANAGAN TRUSTEE 2.00 X 0 0 0 LAWRENCE F GARDNER TRUSTEE 2.00 X 0 0 0 JEFFREY S GENECOV TRUSTEE 2.00 X 0 0 0 PAUL R GENENDER TRUSTEE 2.00 X 0 0 0 CYNTHIA A HANSON TRUSTEE 2.00 X 0 0 0 BEAU H HARBOUR TREASURER 2.00 X X 0 0 0 JEFFREY S HILLIER TRUSTEE 2.00 X 0 0 0 BRADFORD R HIRSCH TRUSTEE 2.00 X 0 0 0 DANIEL L HUNT TRUSTEE 2.00 X 0 0 0 OTIS B JENNINGS TRUSTEE 2.00 X 0 0 0 JATIN N KAKKAR TRUSTEE 2.00 X 0 0 0 ROBERT S KAPLAN TRUSTEE 2.00 X 0 0 0 MAHMOOD KHIMJI TRUSTEE 2.00 X 0 0 0 SUNGWAN KIM TRUSTEE 2.00 X 0 0 0 KIMBERLY MEHENDALE TRUSTEE 2.00 X 0 0 0 MASON D KING TRUSTEE 2.00 X 0 0 0 ERIC K KUSIN TRUSTEE 2.00 X 0 0 0 CHRIS E J LEE TRUSTEE 2.00 X 0 0 0 JOSHUA LOBEL TRUSTEE 2.00 X 0 0 0 KRIS LOWE TRUSTEE 2.00 X 0 0 0 FRASER E MARCUS PRESIDENT 2.00 X X 0 0 0 DAVID R MCATEE VICE PRESIDENT 2.00 X X 0 0 0 ERIN S MCKOOL TRUSTEE 2.00 X 0 0 0 W CASEY MCMANEMIN TRUSTEE 2.00 X 0 0 0 CRAIG M MEYERS TRUSTEE 2.00 X 0 0 0 JAMES D MORAN TRUSTEE 2.00 X 0 0 0 ALENDA M OMONIJE TRUSTEE 2.00 X 0 0 0 HENRY R HILL PEROT III TRUSTEE 2.00 X 0 0 0 JOHN C ROCCHIO TRUSTEE 2.00 X 0 0 0 JAMES B ROGERS TRUSTEE 2.00 X 0 0 0 C DAVID SAMMONS TRUSTEE 2.00 X 0 0 0 ALAN C SCHOELLKOPF JR TRUSTEE 2.00 X 0 0 0 J CARL SEWELL III TRUSTEE 2.00 X 0 0 0 KATHERINE K STEINBRUECK TRUSTEE 2.00 X 0 0 0 BRIAN S TYLER TRUSTEE 2.00 X 0 0 0 VICTOR L VESCOVO TRUSTEE 2.00 X 0 0 0 JOHN C WAGNER TRUSTEE 2.00 X 0 0 0 A MICHAEL WARNECKE TRUSTEE 2.00 X 0 0 0 MICHAEL B WISENBAKER TRUSTEE 2.00 X 0 0 0 WILLIAM E WOLCOTT TRUSTEE 2.00 X 0 0 0 DAVID DINI HEADMASTER 40.00 X 1012043 0 42255 SUZANNE TOWNSEND CHIEF FINANCIAL OFFICER 40.00 X 359559 0 38263 JOHN ASHTON ASSOCIATE HEADMASTER 40.00 X 496371 0 41416 JOHN S JOLLY ASST. HEADMASTER FOR EXTER 40.00 X 324218 0 34760 TIMOTHY CROUCH DIRECTOR OF DEVELOPMENT 40.00 X 207928 0 32334 JAMES E WINDLINGER JR CONTROLLER 40.00 X 195344 0 25995 MARK WEBB DIRECTOR OF PHYSICAL PLANT 40.00 X 191679 0 25920 DEAN CLAYMAN HEAD OF MIDDLE SCHOOL 40.00 X 201266 0 25649 THOMAS ECKEL CHIEF TECHNOLOGY OFFICER 40.00 X 186921 0 19831 3175329 0 286423 76 0 1 0 HC BECK LTD 1601 ELM STREET SUITE 2800 DALLAS TX 75201 CONSTRUCTION SERVICES 36203786 SUPERIOR FIBER & DATA SERVICES INC 1808 KNOXVILLE DR BEDFORD TX 76022 IT CABLING/EQUIPMENT & DATA SERVICES 1136519 AXXYS TECHNOLOGIES INC 5850 GRANITE PARKWAY STE 700 PLANO TX 75024 IT MANAGEMENT/SUPPORT 1062852 STEPHEN MILLER JR 18208 PRESTON ROAD STE D9-422 DALLAS TX 75252 CUSTODIAL/JANITORIAL SERVICES 615532 WILCOXSON AG LLC 3146 BERRYMEADE DRIVE FARMERS BRANCH TX 75234 LANDSCAPE SERVICES 389548 19 48075 8318258 881466 8366333 GRADES 1 - 12 611710 32811554 32811554 STUDENT ACTIVITIES 611710 718891 718891 ADMISSIONS REVENUE 611710 219700 219700 EXTENDED DAY PROGRAM 611710 172477 172477 33922622 4335729 4335729 20166324 20407562 -241238 -241238 -241238 137992 48075 115997 21995 21995 64500 95000 -30500 -30500 647627 702805 -55178 -55178 UBIT K-1 INCOME 900099 44055 44055 MISCELLANEOUS 611710 31942 31942 FORFEITED DEPOSITS 611710 4596 4596 80593 46400356 33959160 44055 4030808 4140687 4140687 2467931 1159160 1197364 111407 20792796 18182178 1380554 1230064 1256544 1059924 129715 66905 2063065 1635791 263227 164047 1568334 1257719 224198 86417 94310 94310 55900 55900 947004 947004 1710519 1359744 315694 35081 72682 56199 1207 15276 937024 608773 228708 99543 1144353 1101029 38180 5144 1806615 1502069 293438 11108 469581 342248 56813 70520 12087 12087 60579 44407 13161 3011 5992105 5640636 309735 41734 1104328 1039835 56799 7694 AUXILLIARY SERVICES 2489166 2489166 SPECIAL EVENTS 1056438 658249 218436 179753 EMPLOYEE EXPENSES 332346 331521 825 EDUCATIONAL SUPPLIES 326935 326935 778751 209519 538392 30840 51680080 43145789 6307760 2226531 22117373 4628296 26361741 27282195 35361636 27168580 22385733 23261281 432120 415584 59662 133869 208633681 72423101 113146229 136210580 139416428 153468053 41931114 46742424 763794 919001 401975830 420229863 11219516 7250325 30011260 31216767 2044103 1774103 1500000 43274879 41741195 X 99157240 153089805 259543711 225398863 358700951 378488668 401975830 420229863 X -5279724 20469744 4597697 X X 0 1 X 1 0 X 4264314 37379451 32474707 17233293 8366333 99718098 4264314 37379451 32474707 17233293 8366333 99718098 47199151 52518947 2635370 3528430 4677395 6083970 4335729 21260894 109943 5529 13966 70550 199988 121178980 161533765 0.43340 0.41940 X PART II THE PUBLIC SUPPORT TEST HAS BEEN COMPLETED FOR THIS ORGANIZATION. THIS IS BASED ON NEW CLARIFICATION FROM THE IRS REGARDING ORGANIZATIONS OTHER THAN THOSE THAT CLAIM A PUBLIC CHARITY STATUS UNDER 170(B)(1)(A)(VI). IF THE ORGANIZATION MEETS THE PUBLIC SUPPORT TEST, ANY SUBSTANTIAL CONTRIBUTORS WILL BE INCLUDED ON SCHEDULE B SUBJECT TO THE LIMITATIONS IN THE FIRST SPECIAL RULE. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 90000 X X X 0 191697187 2959280 22088187 2849854 3421730 947004 209526066 171402344 4729250 21504267 2270040 2832128 836506 191697187 157736265 4042208 15921557 2235617 3574003 488066 171402344 173713364 4532494 -14686246 2146941 2949181 727225 157736265 140730435 1439537 37594191 2077448 3157975 815376 173713364 0.07400 0.34160 0.58440 1 0 3798588 3798588 176824251 55948752 120875499 14521971 10335191 4186780 13488871 6139158 7349713 136210580 HEDGE FUNDS 27116772 F PRIVATE EQUITY FUNDS 19396836 F DEFERRED COMPENSATION PLANS 228816 C 46742424 X 67091475 20469744 1168379 21638123 45453352 947004 947004 46400356 47303758 711369 711369 46592389 947004 4140687 5087691 51680080 PART III, LINE 4: ST. MARK'S SCHOOL OF TEXAS RECEIVED A DONATION OF A SKELETON OF A PLEISTOCENE ERA CAVE BEAR IN 2019. THE SPECIMEN IS ON DISPLAY FOR THE BOYS ATTENDING THE SCHOOL TO ADMIRE AND LEARN FROM. PART V, LINE 4: THE SCHOOL'S ENDOWMENTS CONSIST OF APPROXIMATELY 230 FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. ITS ENDOWMENTS INCLUDE BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS (QUASIENDOWMENTS). AS REQUIRED BY GAAP, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING QUASI-ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. THE POLICY OF THE SCHOOL IS TO RESTRICT ALL ENDOWMENT CONTRIBUTIONS UNLESS THE DONOR EXPRESSLY STATES OTHERWISE. THE SCHOOL'S POLICY FOR ENDOWMENT CONTRIBUTIONS IS TO SOLICIT CONTRIBUTIONS FROM THE DONORS, INTENDING THAT THE STIPULATION WILL NEVER LAPSE, THUS THE CORPUS WILL NEVER BE SPENT, AND FURTHER, THAT THE SCHOOL WILL USE ALL OR A PART OF THE INCOME EARNED ON RELATED INVESTMENTS FOR THE SPECIFIC PURPOSE INTENDED BY THE DONOR. THE ENDOWMENT FUNDS ARE USED FOR FINANCIAL AID, FACULTY SUPPORT, PROGRAM SUPPORT, AWARDS, AND SUSTAINING THE FACILITIES. PART X, LINE 2: THE SCHOOL IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE UNITED STATES INTERNAL REVENUE CODE ("IRC") ACCORDING TO THE UNITED STATES INTERNAL REVENUE SERVICE ("IRS") DETERMINATION LETTER DATED AUGUST 25, 1971, EXCEPT TO THE EXTENT IT HAS UNRELATED BUSINESS INCOME. FOR THE YEARS ENDED JUNE 30, 2025 AND 2024, UNRELATED BUSINESS INCOME DID NOT RESULT IN ANY MATERIAL NET TAXABLE INCOME, THEREFORE NO PROVISION FOR INCOME TAX HAS BEEN PROVIDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE SCHOOL IS REQUIRED TO FILE AN ANNUAL FORM 990-T WITH THE IRS FOR ANY UNRELATED BUSINESS INCOME. GAAP REQUIRES THE EVALUATION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE SCHOOL'S FINANCIAL STATEMENTS TO DETERMINE WHETHER THE TAX POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED BY THE APPLICABLE TAX AUTHORITY. TAX POSITIONS NOT DEEMED TO MEET THE MORE LIKELY THAN NOT THRESHOLD WOULD BE RECORDED AS A TAX BENEFIT OR EXPENSE IN THE CURRENT YEAR. A RECONCILIATION IS NOT PROVIDED HEREIN, AS THE BEGINNING AND ENDING AMOUNTS OF UNRECOGNIZED BENEFITS ARE ZERO, WITH NO INTERIM ADDITIONS, REDUCTIONS, OR SETTLEMENTS. THE SCHOOL IS RELYING ON ITS TAX-EXEMPT STATUS AND ITS ADHERENCE TO ALL APPLICABLE LAWS AND REGULATIONS TO PRESERVE THAT STATUS. HOWEVER, THE CONCLUSIONS REGARDING THE UNCERTAINTY IN INCOME TAXES WILL BE SUBJECT TO REVIEW AND MAY BE ADJUSTED AT A LATER DATE BASED ON FACTORS INCLUDING, BUT NOT LIMITED TO, ONGOING ANALYSIS OF TAX LAWS, REGULATIONS, AND INTERPRETATION THEREOF. THE SCHOOL'S INFORMATIONAL RETURNS FILED WITH THE IRS ARE GENERALLY SUBJECT TO EXAMINATION FOR THREE YEARS AFTER THE LATER OF THE DUE DATE OR DATE OF FILING. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 155,207. PLEDGE DISCOUNTS 4,240,057. RECLASS OF COGS 702,805. RECLASS OF GRANT EXPENSE -4,140,687. FUNDRAISING EXPENSES NET WITH REVENUES 210,997. PART XII, LINE 2D - OTHER ADJUSTMENTS: RECLASS OF COGS 702,805. FUNDRAISING EXPENSES NET WITH REVENUES 84,427. WRITE OFF OF UNCOLLECTIBLE PLEDGES -75,863. PART XII, LINE 4B - OTHER ADJUSTMENTS: RECLASS OF GRANTS 4,140,687. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 ST. MARK'S SCHOOL OF TEXAS PUBLISHES ITS RACIALLY NONDISCRIMINATORY POLICY ON THE ORGANIZATION'S WEBSITE. X X X X 1 CHARITABLE DEVELOPMENT CONSULTING PO BOX 1486 FREDERICK MD 21702 CONSULTING 0 0 55900 0 55900 TX CELEBRATE 186067 48075 137992 31570 35792 4600 44035 186067 48075 137992 31570 35792 4600 44035 115997 21995 64500 95000 0 64500 95000 95000 -30500 TX 0 RAFFLE EXPLANATIONSEE PART IV FOR EXPLANATIONTHE TEXAS CHARITABLE RAFFLE ENABLING ACT, EFFECTIVE JANUARY 1, 1990, PERMITS "QUALIFIED ORGANIZATIONS" TO HOLD UP TO TWO RAFFLES PER CALENDAR YEAR, WITH CERTAIN SPECIFIED RESTRICTIONS. THE ORGANIZATION IS NOT REQUIRED TO REGISTER WITH THE STATE BEFORE CONDUCTING A RAFFLE IF TWO OR LESS RAFFLES ARE HELD DURING THE CALENDAR YEAR. 0 0 0 1.00000 SUMMER LOVELAND 10600 PRESTON ROAD DALLAS TX 75230 0 SUMMER LOVELAND RECORDKEEPING X 0 SCHEDULE G, PART I, LINE 2B, COLUMN (V) COMPENSATION OF PROFESSIONAL FUNDRAISERS THE PROFESSIONAL FUNDRAISER LISTED PROVIDES GENERAL GUIDANCE AND CONSULTING TO THE SCHOOL ON ITS FUNDRAISING PRACTICES; THEREFORE THE EXACT AMOUNT OF GROSS RECEIPTS GAINED FROM USING THIS SERVICES IS UNDISTINGUISHABLE. COMPENSATION AGREEMENTS FOR PAYMENTS TO PROFESSIONAL FUNDRAISERS DISTINGUISH BETWEEN PAYMENTS FOR SERVICES VERSUS REIMBURSEMENTS FOR FUNDRAISING EXPENSES. REIMBURSABLE EXPENSES FOR THE FISCAL YEAR ENDING 6/30/25 INCLUDED IN THE AMOUNT PAID TO THE FUNDRAISER WAS $3,848 FOR TRAVEL, AIRFARE, LODGING, TELEPHONE, ETC. 1 TUITION ASSISTANCE TO STUDENTS ATTENDING ST MARK'S 135 3240406 TUITION REMISSION TO STUDENTS ATTENDING ST. MARK'S 31 900281 PART I, LINE 2: PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS THE ORGANIZATION PROVIDES TUITION ASSISTANCE TO STUDENTS ATTENDING THE SCHOOL. THE TUITION ASSISTANCE IS PROVIDED SO LONG AS THE STUDENT CONTINUES TO MEET THE SCHOOL'S STANDARDS AND EXPECTATIONS AND SO LONG AS THE FAMILY'S NEEDS WARRANT SUCH AID. APPLICATION FOR TUITION ASSISTANCE MUST BE MADE ANNUALLY AND IN ACCORDANCE WITH THE FEBRUARY 15 DEADLINE. X X X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 DAVID DINI HEADMASTER 733480 0 100000 0 178563 0 27600 0 14655 0 1054298 0 0 0 JOHN ASHTON ASSOCIATE HEADMASTER 453065 0 30000 0 13306 0 27600 0 13816 0 537787 0 0 0 SUZANNE TOWNSEND CHIEF FINANCIAL OFFICER 337452 0 20000 0 2107 0 27360 0 10903 0 397822 0 0 0 JOHN S JOLLY ASST. HEADMASTER FOR EXTER 302111 0 20000 0 2107 0 24400 0 10360 0 358978 0 0 0 TIMOTHY CROUCH DIRECTOR OF DEVELOPMENT 196576 0 10000 0 1352 0 10300 0 22034 0 240262 0 0 0 DEAN CLAYMAN HEAD OF MIDDLE SCHOOL 189491 0 10000 0 1775 0 15180 0 10469 0 226915 0 0 0 JAMES E WINDLINGER JR CONTROLLER 184370 0 10000 0 974 0 15056 0 10939 0 221339 0 0 0 MARK WEBB DIRECTOR OF PHYSICAL PLANT 189141 0 1500 0 1038 0 15440 0 10480 0 217599 0 0 0 THOMAS ECKEL CHIEF TECHNOLOGY OFFICER 184970 0 0 0 1951 0 9300 0 10531 0 206752 0 0 0 PART I, LINE 1A BENEFITS PROVIDED TO OFFICERS, DIRECTORS, AND KEY EMPLOYEES ALL THE BENEFITS CHECKED IN PART 1, LINE 1A ARE PROVIDED TO DAVID DINI, HEADMASTER. THE SCHOOL PROVIDES A HOUSE ADJACENT TO CAMPUS AND PAYS FOR UTILITIES AND MAINTENANCE OF THE HOUSE INCLUDING THE SERVICES OF A HOUSEKEEPER. THE PROVIDED HOUSING IS A CONDITION OF HIS EMPLOYMENT, AND THE HOUSING BENEFITS ARE FOR THE CONVENIENCE OF THE SCHOOL. THE VALUE OF THE BENEFIT IS NOT TREATED AS TAXABLE COMPENSATION BECAUSE IT MEETS THE CRITERIA FOR EXCLUSION UNDER IRC SECTION 119. IN ADDITION, DAVID DINI RECEIVED AN AUTOMOBILE ALLOWANCE, WHICH IS REPORTED IN HIS TAXABLE COMPENSATION. A HACKBERRY CULTURAL EDUCATION FACILITIES FINANCE CORPORATION 752237898 NONEAVAIL 2001-08-17 4000000 REFINANCING LOAN 0 0 0 A 2225897 4000000 52659 4000000 2015 1 0 1 1 A 0 0 0 0 0 0 0 A 0 1 0 0 0 0 0 0 0 A 0 PART III, LINE 9 AND PART IV, LINE 7 WRITTEN MONITORING PROCEDURES THE ORGANIZATION HAS REPRESENTED THAT IT WILL, AND COVENANTED TO, COMPLY WITH ALL TAX REQUIREMENTS IMPOSED BY THE CODE TO SATISFY SECTIONS 141 AND 145 THROUGH 150 OF THE CODE IN THE TAX CERTIFICATE AND LOAN AGREEMENT RELATED TO THE TAX-EXEMPT BOND ISSUE. WHILE THE ORGANIZATION DOES NOT CURRENTLY HAVE DETAILED WRITTEN PROCEDURES, IT HOWEVER HAS CONSULTANTS, WITH WHOM IT CONSULTS FROM TIME TO TIME ON AN AD HOC BASIS, INCLUDING BOND COUNSEL, TO ENSURE ONGOING COMPLIANCE WITH TAX AND SECURITIES LAWS. PART V THE SCHOOL HAS COVENANTED IN ITS TRUST AGREEMENT AND OTHER DOCUMENTS RELATED TO ITS BOND ISSUE TO COMPLY WITH ALL APPLICABLE FEDERAL TAX REQUIREMENTS RELATED TO ITS BOND ISSUE. ADDITIONALLY THE SCHOOL HAS COVENANTED TO MAINTAIN ALL REQUIRED RECORDS RELATED TO ITS BOND ISSUE FOR FEDERAL TAX COMPLIANCE. X 31 849896 SELLING PRICE X AUCTION ITEMS 19 31570 FMV 0 1 1 PART I, LINE 32B: USE THIRD PARTIES TO SOLICIT, PROCESS, OR SELL NONCASH CONTRIBUTIONS A STOCK BROKER IS USED TO SELL STOCK RECEIVED AS CONTRIBUTIONS FORM 990, PART VI, SECTION A, LINE 2 FAMILY AND BUSINESS RELATIONSHIPS DAVID ACKERMAN AND A. MICHAEL WARNECKE - BUSINESS RELATIONSHIP DANIEL HUNT AND MICHAEL WISENBAKER - FAMILY RELATIONSHIP FORM 990, PART VI, SECTION A, LINE 7A MEMBERS WHO MAY ELECT ONE OR MORE MEMBERS OF THE GOVERNING BODY A TRUSTEE COMMITTEE RECRUITS NEW TRUSTEES TO THE BOARD ON A YEARLY BASIS. THE COMMITTEE THEN SUBMITS THE NOMINATIONS TO THE EXECUTIVE COMMITTEE AND THE BOARD OF TRUSTEES VOTE ON THE NOMINATIONS. FORM 990, PART VI, SECTION A, LINE 7B DECISIONS SUBJECT TO APPROVAL BY MEMBERS, STOCKHOLDERS, OR OTHER PERSONS THE ORGANIZATION HAS VARIOUS COMMITTEES WHO MEET AND MAKE RECOMMENDATIONS TO THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE REVIEWS THE RECOMMENDATIONS AND VOTES ON THE MATTERS. FORM 990, PART VI, SECTION B, LINE 11B REVIEW OF FORM 990 A DRAFT COPY OF THE FORM 990 IS SUBMITTED TO THE AUDIT COMMITTEE. THE COMMITTEE REVIEWS AND APPROVES THE TAX RETURN BEFORE IT IS FILED. ONCE THE RETURN HAS BEEN APPROVED, IT IS COMMUNICATED TO THE EXECUTIVE COMMITTEE AND THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C MONITORING AND ENFORCING CONFLICT OF INTEREST POLICY EACH YEAR EVERY TRUSTEE IS REQUIRED TO COMPLETE A CONFILICT OF INTEREST QUESTIONNAIRE. THE CHIEF FINANCIAL OFFICER REVIEWS EACH QUESTIONNAIRE FOR ANY ISSUES. FORM 990, PART VI, SECTION B, LINE 15 DETERMINING COMPENSATION COMPENSATION FOR EMPLOYEES IS DETERMINED BY REVIEWING THE EMPLOYEE'S PAST WORK HISTORY AND THE CURRENT YEAR BUDGET BY THE DEPARTMENT HEADS. THE DEPARTMENT HEADS THEN MAKE RECOMMENDATIONS TO THE HEADMASTER WHO THEN MAKES THE FINAL DETERMINATION FOR THE EMPLOYEE'S COMPENSATION. THE HEADMASTER'S COMPENSATION IS DETERMINED BY THE EXECUTIVE COMMITTEE WHO IS ADVISED BY COMPENSATION CONSULTANTS AND BY COMPARING COMPENSATION TO OTHER COMPARABLE INDEPENDENT SCHOOL'S DATA. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLILITY OF DOCUMENTS TO THE PUBLIC AVAILABLE UPON REQUEST FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST 155,207. PLEDGE DISCOUNTS IN ACCORDANCE WITH ASC 958-605-30 4,240,057. OTHER CHANGE IN NET ASSETS - FUNDRAISING 126,570. WRITE OFF OF UNCOLLECTIBLE PLEDGES 75,863. PART XII, LINE 2C THE SCHOOL HAS AN AUDIT COMMITTEE WHO'S GENERAL FUNCTION IS TO OVERSEE THE ENGAGEMENT, RETENTION, AND PERFORMANCE OF THE OUTSIDE AUDITORS OF THE SCHOOL AND TO OVERSEE AND ASSESS THE ACCOUNTING POLICIES AND PRACTICES OF THE SCHOOL. THIS HAS NOT CHANGED FROM PRIOR YEAR.