De La Salle Academy

“Glenn and justin kort have a family relationship.”

“The finance committee is presented with the finanical statements and the form 990. Upon review of these documents with the accountants, they are then presented to the board electronically for review and discussion. Once the documents are approved by the board they are then submitted to the taxing authorities.”

“Trustees are expected to identify any potential conflict of interest at the annual board retreat, held each fall, at which time they also execute the conflict of interest disclosure. Potential conflicts that may arise subsequent to the annual board retreat are identified by involved trustees at interim board meetings. Potential conflicts may also be identified by the board president, who is also a member of the academys administration. All conflicts of interest (or potential conflicts) are reviewed at the annual board retreat or at regular interim board meetings. Reviews are conducted by the entire body of trustees and appropriate actions are taken. Depending upon the nature and duration of the conflict of interest, the board may recommend a trustee resign his/her position, eliminate the circumstances of the conflict, recuse himself/herself from discussions and decisions concerning the matter under conflict; or, if the conflict is considered immaterial or beneficial to the academy the board will adopt a resolution acknowledging the potential conflict and allowing the involved trustee(s) to continue their service on the board. All board discussions regarding conflicts of interest are recorded in the appropriate board meeting minutes.”

“The academy's form 990 is available for public inspection as required under section 6104 of the internal revenue code. The return is posted on guidestar.org and other similar types of websites. In addition, the financial statements, governing documents and conflict of interest policy are also available upon written request at 332 west 43rd street, new york, ny 10036.”

“De la salle academy pays a stipend for the president's services to the school. The president does not receive the stipend directly but rather it is paid to his religious order.”

“De la salle academy is a private, independent, non-sectarian middle school providing a quality education in a multi-ethnic setting to children from economically less advantaged urban families. The school accepts any academically qualified youngster, without regard to the family's financial situation. The faculty of de la salle provides a challenging academic curriculum to our youngsters, while instilling values of community, personal standards, and civic responsibility.”

“The mission of de la salle academy is... * to provide academically talented, economically disadvantaged children of diverse backgrounds equal access to a quality education through a needs-blind admissions process. * to provide each student with a learning environment where the issues of the spirit are respected equally with those of the intellect, and where god's presence is recalled and revered. * to train a cadre of youngsters who will become the leaders of tomorrow. * to instill in each youngster the pride in being who they are, an acceptance of diversity, and a humble gratitude for the gifts god has given them. * to train the youngsters to recognize and make a personal commitment to become involved in the issues of social justice and community. * to expose the students to teachers who relish the intellectual life and delight in sharing with the students the joys of the world of ideas. * to be a place where the students can be loved and learn to love appropriately. * to be a force in the movement to refound and revitalize education for the poor. * to be a counter sign to parents who are despairing for the education of their children. * to emphasize innovation in education for children with special talents.”

“The purpose of the audit committee is to assist the board of trustees in its oversight responsibilities respecting (1) the audit of the academy's books and records and (2) the academy's system of internal control. This process has not changed from last year.”

“For the year ending 8/31/14 the amount of contributions received was understated by $40,000. This reporting error was discovered and corrected during the audit for the tax year ending 8/31/15 and the prior year's endowment figures restated to show the proper amount of contributions.”