Return Reference | Explanation |
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Form 990, Part VI, Line 11 | The Form 990 was prepared by a national accounting firm in conjunction with the organization's management. A copy of the draft form 990 was presented to the Finance Committee for discussion and comment. Once approved, a copy is then circulated to the full board. Each board member is provided opportunity to comment on the information contained in the Form 990 prior to its filing with the internal revenue service. |
Form 990, Part VI, Section B, Line 12C | Each Officer and Trustee is required to annually disclose any conflicts that arise by virtue of employment, board service or position with the organization. The organization monitors compliance with its conflict of interest policy through an annual questionnaire/disclosure statement that is distributed to these individuals. Potential conflicts are investigated immediately. |
Form 990, Part VI, Section B, Line 15A | The organization undertakes a thorough process to ensure that the compensation paid to the principal officer is reasonable, given the market in which the school operates. In relevant part, the Board of Trustees reviews comparable and benchmarked salary data and proposes the employment contract for the principal officer on an annual basis. |
Form 990, Part VI, Section C, Line 19 | The organization makes its form 990 available to the public by retaining a copy at its place of business. The organization's governing documents, conflict of interest policy and financial statements are available upon request and at management's discretion. Form 990, Part VII, Section A For the period covered by the Form 990 return, Ms. Drema Brown served as a Charter School Board of Trustees member and as the Vice President of the School Age division at The Children's Aid Society, a related party. On April 30, 2018, Ms. Brown stepped off the charter school board of trustees. On July 1, 2018, Ms, brown was named Head of School. In her current role, Ms. Brown spends approximately 50% of her time working for The Children's Aid Society, and 50% of her time as the Charter School's Head of School. The compensation reflected in Part VII is reported in column E because Ms. Brown receives her W-2 from The Children's Aid Society. |
Form 990, Part XII, Line 2C | The full Board of Trustees assumes oversight of the audit review, compilation of its financial statements and selection of an independent accountant. |
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