Pacific Charter School Development

“A draft of the form 990 is reviewed by all board members prior to filing.”

“Whenever there is a reason to believe that a potential conflict of interest exists, the board of directors reviews the issue to determine the appropriate response. If a potential conflict of interest involves an employee other than the president or ceo, the president and ceo are responsible for reviewing the matter, taking appropriate action and reporting the matter to the board chair with the results of any action taken. If a conflict of interest arises between pacific charter school development and an interested party, the organization shall refrain from acting until such a time as a proposed action, policy or transaction has been approved by the disinterested members of the board.”

“Pcsd's top management, key employees and other officers have annual compensation reviews which are then followed by a written summary prepared by the ceo and shared with each employee.”

“Pcsd's top management, key employees and other officers have annual compensation reviews which are then followed by a written summary prepared by the ceo and shared with each employee.”

“Pcsd's website allows interested parties to contact the president & ceo for governing documents, financial statements, tax returns and conflict of interest policies and procedures.”

“School lunch program. Pcsd builds public charter schools that provide smaller, more customized learning environments that are yielding superior academic results. Charter schools are free public schools. Admission is open to all and determined by an unbiased lottery of the applicants to the school. The demand for charter schools continues to grow as more parents become aware of this opportunity for their children. Pcsd is at the forefront of making this transformative change in k-12 public education. Via the project development process, pcsd helps schools overcome tremendous barriers to find, finance, entitle, build and secure facilities. Pcsd's development fee, at 5% of project cost, is below market. As a landlord, pcsd charges a below-market rent. When each charter school tenant reaches a state of maturity defined by metrics involving academic and financial performance and community support, pcsd works with each school's leadership team to secure long-term financing to support the purchase of their campuses at cost from pcsd. In doing so, charter schools acquire real assets and long-term balance sheet stability while pcsd recycles committed equity so each philanthropic dollar generates additional charter school seats many times over. Pcsd's partners continue to include some of the leading foundations involved in urban education reform: the ahmanson foundation, broad foundation, walton family foundation and weingart foundation. These organizations have been able to seed the activities of pcsd with large enough support to jumpstart pcsd's capital intensive business model.”