Side by Side Charter School Inc.

“The school hires an outside accountant to aid in certain management duties with direct supervision by the school's director. The monthly board of director meetings are documented in minutes.”

“Review of 990 return is reviewed by controller and executive director then sent electronically to all board members for review after return is filed.”

“Any board member or employee of the board who has a direct financial interest in the real or personal assets of the school, as defined below, is an interested person. In connection with any actual or possible conflict of interest, a potentially interested board member must disclose the existence of the financial interest and all other material facts to the executive director and other members of the governing board concerning such interest or the proposed transaction or arrangement that would create such financial interest. A potentially interested employee must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the executive director of the school. If the potentially interested person is a board member, after disclosure of the real or possible financial interest and all material facts, and after any discussion with the potentially interested board member, he/she shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists. If the potentially interested person is an employee, the disclosure will be brought by the executive director to the board to determine if a conflict of interest exists. The deliberation is documented.”

“A compensation committee comprised of board members, along with input from the finance committee members, determines the compensation structure for the executive director and the assistant director every 3 years.”

“The organization makes its form 990 and form 1023 available for public inspection as required under section 6104 of the internal revenue code. The return is available on guidestar.org and other similar websites. In addition, the financial statements, conflict of interest policy, articles of incorporation and by-laws are available upon written request or by calling the organization directly.”

“The school has a finance committee that is responsible for the oversight of the audit and the selection of independent auditor. This process has not changed from the prior year.”