Stride Academy Charter School

“The school contracted with nest integrated to provide executive director, school closure and legal services. The services of executive director were provided by david peterson. The school was unable to obtain the compensation details from nest integrated for david peterson.”

“As per mn statute 124e.07, staff members employed at the school, including teachers providing instruction under a contract, members of the board of directors, and all parents or legal guardians of children enrolled in the school are the voters eligible to elect the members of the schools board of directors.”

“The return is reviewed by the director and business manager prior to filing.”

“The academy's conflict of interest policy applies to its directors and officers. Directors and officers are required to disclose any known or potential conflicts of interest in writing to the board of directors prior to the time set for voting on any such transaction. The individual with a conflict may not attempt to influence the decisions of other directors in voting on the matter and may not be present during a vote on the matter. The situation is documented in the board minutes. Failure to bring notice of a potential conflict of interest to the attention of the board may constitute cause for removal of the individual from the board.”

“Determination of the compensation of all employees included review and approval by independent persons, comparability data and contemporaneous substantiation in the board minutes. This process included the executive director.”

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

“Related board members per mn statute 124e.07, charter schools are required to have licensed teachers as members of the board of directors. Nathan schwieters, monica schraut and cortney ryan are board members but receive compensation for their services as teachers.”

“Pension liabilities, net of pension deferred outflows & inflows: as a charter school in the state of minnesota, participation in two multiple-employer, cost-sharing defined benefit pension plans is statutorily required. The school's contributions to the plans are also regulated by statute and are based on a percentage of salaries and wages earned by current employees. Therefore, while the net pension liability is reported on the school's statement of net position, the school is not in a position to directly control the liability or the subsequent liquidation of the liability.”