Alternative School Inc DBA Ivy Academia

“No committee has the authority to act on behalf of the governing body.”

“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, it is reviewed by the executive director 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.”

“Monitoring is performed regularly by the officers to identify potential conflicts of interest. Any question of a conflict is addressed with the interested person, who is 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.”

“The board performed a compensation study regarding the compensation amounts for officer salaries per recent irs requirements. By way of memo to the board, legal counsel reviewed transparent california and shared the website for further information as well as the website foundation center, which has the form 990s. The board understands that these data sources aren't completely up to date but was useful along with getting recent compensation information from local schools directly, and from the back office service provider. The board followed council advice to maintain a good faith basis such that it has completed its due diligence concerning review of comparable compensation data. Compensation is discussed and documented concurrently and can be seen in the board agenda.”

“Members of the public are provided access to the governing documents, conflict of interest policies and financial statements upon submitting a public records request.”

“Consulting services: program service expenses 648,138. Management and general expenses 27,291. Fundraising expenses 0. Total expenses 675,429. Financial services: program service expenses 176,086. Management and general expenses 7,414. Fundraising expenses 0. Total expenses 183,500. Special education encroachment district: program service expenses 91,444. Management and general expenses 3,850. Fundraising expenses 0. Total expenses 95,294.”

“The process has not changed from prior year.”