Synergy Academies

“There are no committees that have the authority to act on behalf of the governing board.”

“The form 990 is prepared by the organization's outside public accounting firm based on information provided by management. Once a draft of the return is available, the draft 990 is reviewed by the finance committee with any changes or revisions incorporated into the filing. The revised return is then submitted to the board of directors for their review and approval prior to submitting to the irs.”

“Governing board members and the ceo file their form 700 electronically with the county board of supervisors and copies are retained by synergy academies. Other required filers within the organization submit their original form 700 to synergy academies. Monitoring is performed regularly by the officers to identify potential conflicts of interest. Any question of a conflict is addressed with the board members, officers, employees, etc., who are required to disclose the existence of any financial interest and be afforded the opportunity to disclose all material facts to the board and executive director. If a conflict of interest is identified, the appropriate action is taken, including limitations to the individual's influence on related business matters.”

“Synergy academies has a compensation policy in which no c-level official (ceo, coo, etc.) may be compensated without board approval. In addition, the reasonableness of compensation will be reviewed to comparable data and the deliberation and decision of the reasonableness of the compensation will be documented in the corporate minute books. This process will review the fairness of any compensation to these top management officals upon their hire or change in compensation. The process described here was last completed in 2023.”

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

“Other fees for services: program service expenses 536,725. Management and general expenses 209,894. Fundraising expenses 0. Total expenses 746,619. Special education instructors: program service expenses 969,371. Management and general expenses 0. Fundraising expenses 0. Total expenses 969,371. Consultants: program service expenses 1,263,985. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,263,985. Sped encroachment : program service expenses 285,692. Management and general expenses 0. Fundraising expenses 0. Total expenses 285,692.”

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