Ezequiel Tafoya Alvarado Academy

“No committees have authority to act on behalf of the 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, it is reviewed by management 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.”

“In connection with any actual or potential conflict of interest, an interested person, which can be any director, officer, or member of a committee with board delegated powers who has an outside interest, outside activity, or a direct or indirect financial interest, must disclose the existence and nature of any outside interest, outside activity and financial interest to the board of directors, or the board committee delegated the authority to receive such disclosures, and to any board committee considering a proposed transaction or arrangement where a potential conflict of interest exists. It is determined that an interested person has outside interest when they hold, indirectly or directly, a position or a material financial interest in any outside concern from which the individual has reason to believe liberty charter school secures goods or services or that provides services competitive with liberty charter school. It is determined that an interested person has outside activity when they render directive, managerial, or consultative services to, or be an employee of, any outside concern that does business with, or competes with the services of, liberty charter school or to render other services in competition with liberty charter school. After disclosure of the actual or potential conflict of interest, the interested person shall leave the board or committee meeting while the matter is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists. If the board or committee has reasonable cause to believe that an interested person has failed to disclose an actual or potential conflict of interest, it shall take appropriate disciplinary and corrective action.”

“The organization's attorneys at young minney and corr completed a salary study in 2020 for the current director's compensation package. This study looked at comparable charter schools and placed the ed's compensation package as an average of the schools reviewed. They have also advised that any raises to the ed's compensation package that exceed the cola offered by the state each year should also be part of a new salary study review. The current ed does not set or have any input into what the compensation package will be. Since 2020 the current ed has receivedonly one salary increase.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available upon request.”

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