Hiawatha Academies

“The school's executive/legal/governance/expansion committee is composed of members of the board of directors and has the authority to exercise all the powers and authority of the board in the management of the business and affairs of the school except for the authority to amend the governing documents.”

“The school has one class of membership: parent(s)/guardian(s) of enrolled students and staff members employed by the school.”

“The board of directors are elected by the school's members at the annual meeting.”

“The form 990 is reviewed by the contract cfo, ceo, coo and the finance committee prior to filing.”

“Objective determinations of executive and senior staff salaries are based on market comparable and level of experience.”

“The school makes its governing documents, conflict of interest policy, and financial statements 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 licensed teachers as members of the board of directors. Jabari bunch, scott kolman-keen, anna thiede and remesha williams are/were board members but received compensation for services as teachers.”

“Transportation: program service expenses 2,371,608. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,371,608. Other consulting fees: program service expenses 2,602,098. Management and general expenses 84,381. Fundraising expenses 0. Total expenses 2,686,479. Food service: program service expenses 1,259,083. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,259,083.”

“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.”

“Gasb 68 - pension adjustment -71,000.”