St Hope Public Schools Inc

“Doug love, director, and julian love, chief financial officer, have a family relationship.”

“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."”

“Nomination of directors requires approval by the nominating committee and thereafter election to the board requires approval of a majority of directors.”

“Normally: the director of finance and chief operating officer will review the form 990 and present the form to the board finance committee chair for review and feedback before it is filed with the irs. However, due to timing, management will directly review and may present the filings to the executive committee or executive commttee members to review.”

“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. While the "conflict of interest disclosure statement" is required to be completed by board members and "designated or key employees," the organization has not adequately supervised and ensured all "designated or key employees" complete the disclosure statement on an annual basis. It will, however, ensure all disclosure statements are submitted by those governed under the policy.”

“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. The committee did not approve a salary adjustment in fiscal year 2020. They last approved a salary increase for an officer in q1 of fiscal year 2021. For other employees, decisions are based on prior compensation, industry comparison, and current fiscal position of the organization. This process was last undertaken in 2013.”

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

“Form 990, part xii, line 2c: neither the process for oversight of the financial statement audit or the process for selection of an independent accountant changed from the prior year.”