Southside Family Charter School

“Members include employees, community members seated on the board of directors, and parents of children enrolled in the school.”

“Employees, community members seated on the board of directors, and parents of children enrolled in the school may vote in elections for the board of directors.”

“Revisions to the organization's bylaws are subject to veto by the membership.”

“The business manager and executive director review a draft of the form 990. The final version is shared with the voting members of the board prior to filing.”

“Board members complete an annual statement disclosing any conflict of interest. The executive director reviews contracts for conflicts of interest prior to approval.”

“Each year updated data is reviewed as part of the budgeting process for salary increases, as well as performance reviews.”

“The organization makes its documents available to the public upon request for the same period of disclosure as set forth in section 6104(d).”

“Per mn statute 124e.07, charter schools are required to have a licensed teacher as a member of the board of directors. Alex berryman and jake gibbons are board members, but received compensation for services as teachers.”

“Other expenses: program service expenses 211,491. Management and general expenses 24,190. Fundraising expenses 0. Total expenses 235,681. Food service: program service expenses 73,393. Management and general expenses 0. Fundraising expenses 0. Total expenses 73,393. Transportation: program service expenses 63,410. Management and general expenses 0. Fundraising expenses 0. Total expenses 63,410.”

“Pension liabilities, deferred outflows & inflows pension: 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, deferred outflows and inflows, are reported on the school's statement of net position, the school is not in a position to directly control the liabilities or the subsequent liquidation of the liabilities.”

“Pension adjustment 46,704.”