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        <FormAndLineReferenceDesc>Schedule D, Part V, Line 4</FormAndLineReferenceDesc>
        <ExplanationTxt>The school has five separate endowment accounts. The main endowment account is established as a permanently restricted fund to earn interest, dividends and capital gains. The board has elected that up to 4.5% of the 60-month rolling average can be used for operations. The second endowment account is a trip fund, established as part temporary and part permanent endowment. The other endowments are financial aid funds, established as part temporary and part permanent endowments.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Schedule D, Part XI, Line 4b</FormAndLineReferenceDesc>
        <ExplanationTxt>Cost of merchandise sold, netted with revenue on Form 990.</ExplanationTxt>
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      <SupplementalInformationDetail>
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      <DiscriminateRaceAdmissPlcyInd>0</DiscriminateRaceAdmissPlcyInd>
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      <DiscriminateRaceSchsInd>0</DiscriminateRaceSchsInd>
      <DiscriminateRaceEducPlcyInd>0</DiscriminateRaceEducPlcyInd>
      <DiscriminateRaceUseOfFcltsInd>0</DiscriminateRaceUseOfFcltsInd>
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      <GovernmentFinancialAidRvkdInd>0</GovernmentFinancialAidRvkdInd>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Schedule E, Part I, Line 3</FormAndLineReferenceDesc>
        <ExplanationTxt>Preucil School of Music's non-discriminatory policy is included in their vision statement on the School's website and included in informational pamphlets that available to all interested parties.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleE>
    <IRS990ScheduleO documentId="R000006" softwareId="23018249" softwareVersionNum="v1.00">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Section A, Line 2</FormAndLineReferenceDesc>
        <ExplanationTxt>Bill Preucil and Doris Preucil are married.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Section B, Line 11b</FormAndLineReferenceDesc>
        <ExplanationTxt>The Form 990 is reviewed by the Finance Committee, a subset of the full Board, which makes recommendations to the Board as to acceptance prior to e-filing of the Form 990.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Section B, Line 12c</FormAndLineReferenceDesc>
        <ExplanationTxt>Each responsible person is required to review the conflict of interest policy and acknowledge in writing that he or she has done so. Each person shall annually complete a disclosure form identifying any relationships that may contribute to a conflict of interest. The policy is to be reviewed by the board annually and any changes in the policy will be communicated to all responsible persons.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Section B, Line 15</FormAndLineReferenceDesc>
        <ExplanationTxt>All positions are reviewed every three to five years to ensure the positions (job descriptions and compensation) are commensurate with the regional and area arts industry. In March of 2019, an extensive survey/review for the instrumental teaching positions at the school was conducted. Survey information came from: The National Guild for Community Arts Education, members of the Suzuki Association of the Americas, Community Music Program of the University of Iowa, West Music Company, Schools and private studio/programs in Iowa City, surrounding area, greater state of Iowa and surrounding states. This survey was presented to the board/finance committee during the budget process. Administrative positions are reviewed on an ongoing basis to ensure the job description meets the job and the pay is commensurate with the experience in the industry. Information comes from programs within the National Guild for Community Schools Arts Education and The Suzuki Association of the Americas. In addition, the University of Iowa and Iowa Workforce Development is used as a reference. Early childhood positions are reviewed on an ongoing basis to ensure the pay is commensurate with the job description. Salary increases are based on the Consumer Price Index. When entry level compensation is established, annual increases are based on the cost of living, performance and additional education (University degrees). Informal reviews are conducted by supervisors who report to the director. Annual compensation for salaried and hourly positions are presented to the finance committee by the director at the time the budget is reviewed for the next year fiscal. After review, the Finance Committee sends the budget onto the Board for their approval.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Section C, Line 19</FormAndLineReferenceDesc>
        <ExplanationTxt>The Organization's governing documents are available upon request.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
  </ReturnData>
</Return>