Leadership Village Academy Charter School

“VILLAGE ACADEMIES NETWORK, AN UNRELATED NOT-FOR-PROFIT CORPORATION, PROVIDES EDUCATIONAL AND OPERATING MATERIALS, TRAINING, FINANCIAL SUPPORT AND OTHER SERVICES to the School. The following OFFICERS OF THE SCHOOL ARE COMPENSATED BY VILLAGE ACADEMIES NETWORK: REPORTABLE COMPENSATION: OTHER COMPENSATION: **DEBORAH KENNY, EXEC. DIR. $113,608 $7,362 CHUCK KLEIN, VP FINANCE $43,609 $3,972 ELISSA FISHMAN, CFAO $61,838 $8,717 *COMPENSATION IS PRORATED BASED ON AN ESTIMATED ALLOCATION OF TIME. ** THE EXECUTIVE DIRECTOR'S COMPENSATION IS FUNDED AND PAID 100% BY VILLAGE ACADEMIES NETWORK, WITH NO PUBLIC FUNDS FROM ANY CHARTER SCHOOL USED TO PAY SUCH COMPENSATION. Village Academies Network also compensated the above named persons for services provided to Harlem Village Academy Charter School, a related organization. The same pro rata compensation/hours applied as described above.”

“Form 990 is reviewed by management and the finance personnel of the board of trustees for approval. If changes are required, the school will then forward them to the auditing firm and a final version will be distributed to all board members prior to irs submission.”

“The organization has a conflict of interest policy applicable to all trustees, officers and key employees (if any). ALL applicable individuals ARE REQUIRED TO SIGN A CONFLICT OF INTEREST AGREEMENT ANNUALLY, DISCLOSING ANY possible conflict of interest and be given the opportunity to disclose all material facts to the trustees or committee with Board delegated powers. After disclosure of all material facts, and after any discussions with the interested person, he/she shall leave the Board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining, disinterested Trustees or committee members shall decide if a conflict of interest exists. The Board or committee shall determine by a majority vote of the disinterested Trustees or committee members whether a conflict exists. Deliberation and decisions are recorded in the minutes of the board. Annual disclosure statements are reviewed annually by the Audit Committee.”

“Compensation of officers is determined by the board of directors using comparability data, including the form 990s of similarly situated non-profit organizations. The process was last conducted in 2016 and was documented in the board minutes.”

“Upon request, the school makes available to the public its governing documents, conflict of interest policy, and financial statements.”

“The School has a finance committee that is responsible for oversight of the audit and selection of independent auditor. The process has not changed from the prior year.”