Academy of Whole Learning

“Kim snow teri crosby trustee/vice secretary family relationship”

“The annual completed 990 form is sent to each member of the board's finance committee for a thorough review. The finance committee meets with the auditor annually soon thereafter. Then following approval by the finance committee, the completed 990 form is sent to each trustee to review prior to a meeting where the board votes to affirm.”

“Yes, the conflict of interest policy is consistently monitored and enforced. At the beginning of each fiscal year, each board trustee and key staff member completes a conflict of interest form. The governance committee reviews each form to determine any conflicts. Additionally, each trustee is asked to excuse themselves on board votes that might be considered in conflict.”

“A comparability study is done using data from similar size and similar mission based nonprofits and presented to the board chair. The comparable nonproftis include minnesota independent school forum, minnesota independence college and community, groves academy, st davids child care center, monarch institute-houston, mount olivet rolling acres, mounds park academy. The board chair and the members of the finance committee determine the annual salary which is presented to the board of trustees for an annual vote of approval.”

“We have chosen to match the market when compensating key employees. Our pay is roughly the same as our competitiors, as determined by the minnesota nonprofit council's biennial salary chart. We look at two key factors; geographic location - we use twin cities, budget - we use 2,000,000 - 5,000,000, and we determine to be within 90% of the 50th percentile for like positions.”

“990s are posted on guidestar for easy access for the public. More recent 990s and the 1023 are available for public inspection upon request.”

“A summary of our audited financials are made available in our annual report each year. The annual report is sent by email to all stakeholders and is posted on our website. Governing documents including the conflict of interest policy are available upon request.”

“We began a new adult education program with 5 youth adults. The summer enrichment program saw an increase in community (non-aowl student) enrollments. The clinic doubled in size of staff and was able to provide services to twice as many clients as the year before.”

“Scholarships & financial aid awarded -310,815 scholarships & financial aid awarded 310,815 the prior period adjustment of 727,194 is due to a restatement during the audit for the year ended july 31, 2021. The change relates to recognition of contribution pledges received prior to fiscal year 2021 that were originally treated as conditional, so not recorded. They are now being treated as unconditional and recognized when the pledge is received.”