Rocketship Education

“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 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 executive director's pay is determined based on data provided by external charter management organizations and through comparison studies of other charter schools. The board must vote to approve the executive director's compensation as a direct action. The ceo's pay is determined based on data provided by external charter management organizations and through comparison studies of other charter schools. The board must vote to approve the ceo's compensation as a direct action.”

“Our governing documents, conflict of interest policy, and board financial reports are available upon request. Our annual audited financial statements are posted on our website.”

“Other fees for services: program service expenses 726,057. Management and general expenses 113,056. Fundraising expenses 0. Total expenses 839,113. Consulting expenses: program service expenses 15,434,466. Management and general expenses 3,962,835. Fundraising expenses 0. Total expenses 19,397,301. Custodial services: program service expenses 1,630,894. Management and general expenses 24,247. Fundraising expenses 0. Total expenses 1,655,141. Contracted substitutes: program service expenses 2,978,284. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,978,284.”

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