Hope Online Learning Academy Co-Op

“Decisions subject to approval: as part of the contract with douglas county school district (dcsd) the budget must be submitted to dcsd. Dcsd approves the budget and includes it in the resolution to approve the entire dcsd budget.”

“Process to review the form 990: hope's form 990 is prepared by a third party and reviewed in detail by the ceo and accounting manager. In addition, a copy of the final form 990 is reviewed in a quarterly board meeting prior to the return being filed with the irs.”

“Process for monitoring compliance with conflict of interest policy: hope board members are required to fill out and submit a conflicts disclosure statement to the hope office and the douglas county school district each year by september 1st for the preceding fiscal year. These statements are reviewed by the ceo. If any conflicts of interest should arise, the board member is required to file an amended statement within 30 days. The amended statement would be reviewed by members of the board and a determination would be made on any refusal.”

“Review of ceo or top mgmt official compensation: compensation for the ceo is reviewed and increased annually. Increase was done to mitigate increase in employee pera contributions. Compensation increases are reviewed by hope's finance leader and administration utilizing compensation surveys. Increases are also reviewed and approved by the board of directors through their approval of the annual budget.”

“Review of other officer or key employees compensation: an average merit of 4% was implemented across the board to account for cost of living. Compensation increases were reviewed by the human resources generalist and ceo utilizing compensation surveys and comparative charter school and school district data. Increases are also reviewed and approved by the board of directors through their approval of the annual budget.”

“How documents are made available to the public: the governing documents and conflict of interest policy are available upon request. Hope's financial statements are available to the public via the organization's website in accordance with the public school transparency act for the state of colorado.”

“- Total Revenue: 0, Related or Exempt Function Revenue: 0, Unrelated Business Revenue: 0, Revenue Excluded from Tax Under Sections 512, 513, or 514: 0;”

“Learning Site Services - Total Expense: 7410988, Program Service Expense: 7410988, Management and General Expenses: , Fundraising Expenses: ; OTHER CONSULTING - Total Expense: 84226, Program Service Expense: , Management and General Expenses: 84226, Fundraising Expenses: ;”

“Change in pension liability due to proportionate share of net pension liability - -1621552; capital outlay on governmental fund report, not on 990 - 447090;”