FORM 990, PART V, LINE 2A AND 2B |
THE PAYROLL COSTS (I.E., WAGES, SALARIES, BENEFITS, PAYROLL TAXES, ETC.) FOR CHARTER SCHOOL STAFF AND OTHER PERSONNEL ARE PAID BY BASIS.ED AND THEN REIMBURSED BY BTX SCHOOLS, INC. (BTX). THESE INDIVIDUALS ARE CONSIDERED LEASED EMPLOYEES. THE ORGANIZATION'S PAYROLL COSTS ARE TREATED AS PASS-THROUGH EXPENSES AND ARE NOT COVERED BY BASIS.ED'S MANAGEMENT FEE. |
FORM 990, PART VI, SECTION A, LINE 3 |
BASIS EDUCATIONAL GROUP IS OUR EDUCATIONAL MANAGEMENT COMPANY WHICH OVERSEES ALL OF OUR MANAGEMENT DUTIES. |
FORM 990, PART VI, SECTION B, LINE 11 |
THE CHAIRMAN OF THE BOARD WILL REVIEW THE 990 HOWEVER, WILL NOT ABLE TO REVIEW PRIOR TO THIS YEAR'S FILING. DAN NIENHAUSER, SUPERINTENDENT HAS REVIEWED THE 2013 FORM 990. |
FORM 990, PART VI, SECTION B, LINE 12C |
THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY WHICH IS USED TO MONITOR AND ENFORCE COMPLIANCE. |
FORM 990, PART VI, SECTION B, LINE 15 |
THE COMPENSATION FOR CEO, EXECUTIVE DIRECTOR, TOP MANAGEMENT OFFICIALS OR OTHER OFFICERS AND KEY EMPLOYEES OF THE ORGANIZATION IS DETERMINED BY THE BOARD. |
FORM 990, PART VI, SECTION C, LINE 19 |
CONSISTENT WITH TEXAS LAW, ALL GOVERNING DOCUMENTS AND PUBLIC BOARD MINUTES AND POLICIES (INCLUDING COI) ARE MAINTAINED AT THE TEXAS CAMPUS FOR INSPECTION UPON REQUEST. |
FORM 990, PART VII, SECTION A, LINE 1A |
THE FIRST YEAR OF PAYROLL FOR THE ORGANIZATION WAS FOR THE CALENDAR YEAR ENDED 12/31/2014. AS SUCH, THE COMPENSATION FOR ANY OFFICER AND/OR BOARD MEMBERS WILL BE PRESENTED ON THE 2014 FORM 990 FOR THE FISCAL YEAR-ENDED 6/30/2015. |
FORM 990, PART X, LINES 15 AND 25 |
RELATED PARTY TRANSACTIONS AS OF JUNE 30, 2014, BTX HAD A RECEIVABLE FROM BASIS SCHOOLS, INC. (BSI) OF $339,928 FOR GOVERNMENTAL GRANT FUNDS AND OVERPAYMENT OF FACILITIES RENT. BTX ALSO HAD A PAYABLE TO BSI OF $73,771 AS OF JUNE 30, 2014. THE PAYABLE IS REFLECTED IN OTHER LIABILITIES ON THE STATEMENT OF FINANCIAL POSITION. |
FORM 990, PART XII, LINE 2C |
THE BOARD SERVES AS THE OVERSIGHT COMMITTEE AND SETS THE PARAMETERS FOR SELECTION WITHIN THE GUIDELINES OF THE STATE AND INTERNAL POLICIES. |