St Hope Public Schools Inc

“The board, by resolution adopted by a majority of the directors then in office, may create one or more committees, each consisting of two or more directors, to serve at the pleasure of the board. Appointments to committees of the board shall be by majority vote of the directors or an otherwise authorized number of directors. The board may appoint one or more directors as alternate members of any such committee, who may replace any absent member at any meeting such committee shall have all the authority of the board, to the extent provided in the board resolution, except that no committee may: a. Fill vacancies on the board or any committee of the board; b. Fix compensation of the directors for serving on the board or on any committee; c. Amend or repeal bylaws or adopt new bylaws; d. Amend or repeal any resolution of the board that by its express terms is not so amendable or repealable; e. Create any other committees of the board or appoint the members of committees of the board; or; f. Expend corporate funds to support a nominee for director if more people have been nominated for director than can be elected.”

“The organization delegated certain authorities to an executive committee via a resolution approved on june 15, 2016. The scope of the committee includes: "powers to negotiate and execute independent contractor agreements, settlement agreements, and other contracts, and to appoint, discipline, and release the superintendent/ceo, and other duties as designated by the board of directors from time to time and "to evaluate the superintendent, create policy, approve or disapprove student expulsions."”

“The superintendent will review the form 990 and provide a copy to each member of the st. Hope public schools board. The auditors who prepared the form 990 and/or st. Hope public schools financial team will be available to answer questions or provide any additional information that the members may have.”

“On an annual basis, each member of the board of directors is required to submit a "conflict of interest disclosure statement." if the disclosure statement reveals a potential conflict or that one has a material financial interest in a potential transaction, then the board or a committee of the board may vote to approve the transaction, but first must confirm that the transaction meets three criteria: 1) it is in the best interest of the organization; 2) was fair and reasonable for the charter at the time it was entered into; and 3) after reasonable investigation under the circumstances, the board determines, in good faith, that the charter school could not have obtained a more advantageous arrangement with reasonable effort. Documentation of the results of the investigation shall be retained either in board minutes and/or in the charter school's financial files. Monitoring is performed regularly by the officers to identify potential conflicts of interest. Any question of a conflict is addressed with the interested person (employees, board members, officers, etc), who is required to disclose the existence of any financial interest and be afforded the opportunity to disclose all material facts to the board and principal. If a conflict of interest is identified, the appropriate action is taken, including limitations to the individual's influence on related business matters.”

“St. Hope public schools' board of directors has in place a three-person compensation committee charged with ensuring the compensation for its superintendent is both just and reasonable. This committee was first formed in september 2008. In determining just and reasonable compensation for the organization's highest paid employees, the committee reviews comparable salaries for similar positions in similar geographic locations. Additionally, the committee evaluates the top management official's professional credentials and other intangibles. This process was last completed 2023.”

“The organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request.”

“Cmo fees: program service expenses 12,168. Management and general expenses 706,223. Fundraising expenses 0. Total expenses 718,391. Consulting services: program service expenses 3,192,226. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,192,226. Other fees for services: program service expenses 1,207,487. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,207,487.”

“The process for oversight and selection of an independent accountant has not changed from the prior year.”