Making Waves Academy

“The number of directors shall be no less than five (5) and no more than fifteen (15), unless changed by amendments to these bylaws. A board seat shall be reserved at all times for a parent/guardian representative.”

“Making waves academy has no comittee that has the authority to act on behalf of the board.”

“A copy of the form 990 is provided to the board of directors audit committee for approval before filing, and the full board of directors approves the form 990 before filing.”

“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 board determines the ceo compensation based on comparability data. It also consults with the ceo on the compensation of c-suite positions as well as reviews periodic benchmarks for positions across the organization.”

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

“Student food services: program service expenses 356,832. Management and general expenses 14,328. Fundraising expenses 0. Total expenses 371,160. Oversight fees: program service expenses 134,796. Management and general expenses 0. Fundraising expenses 0. Total expenses 134,796. Contracted services: program service expenses 752,363. Management and general expenses 30,211. Fundraising expenses 0. Total expenses 782,574. Intervention & consultation: program service expenses 79,315. Management and general expenses 3,185. Fundraising expenses 0. Total expenses 82,500. Psychological services: program service expenses 655,946. Management and general expenses 26,339. Fundraising expenses 0. Total expenses 682,285. Substitute teachers: program service expenses 317,352. Management and general expenses 12,744. Fundraising expenses 0. Total expenses 330,096. Payroll processing fees: program service expenses 53,524. Management and general expenses 2,149. Fundraising expenses 0. Total expenses 55,673. Special education: program service expenses 579,165. Management and general expenses 23,256. Fundraising expenses 0. Total expenses 602,421.”

“The process has not changed from prior year. The school's audit advisory committee assumes the responsibility for oversight of the audit and selection of an independent accountant; and the school's finance advisory committee assumes the responsibility for the review and compilation of its financial statements.”