Eugenio Maria De Hostos Charter School

“The school's financial statements are prepared under governmental auditing standards, which do not require disclosure of management's evaluation of uncertain tax positions. Management has performed this evaluation and is not aware of any activities that would jeopardize the school's tax-exempt status.”

“The school pays aspira, inc. Of pennsylvania, an unrelated 501(c)(3) public charity, for professional services, including but not limited to management services. The services provided include: administrative and contracting, financial management, facilities, human resources and payroll, transportation, nutrition, and information technology and support activities.”

“The school has no committees with authority to act on behalf of the governing body.”

“The form 990 has been prepared by an independent public accounting firm with the assistance of management. Management reviews and then presents the form 990 to the board finance committee. Prior to filing with the internal revenue service (irs) a complete copy of the form 990, as it will be filed with the irs, is provided to all voting board members.”

“Board members are required to disclose any actual or perceived conflicts of interest on an annual basis at open board meetings. Conflicts historically have been disclosed under the advice of counsel and then there is intended to be a recusal from all votes related to that conflict. In addition, the conflict of interest disclosure form, provided by the state ethics commission, is completed by all board members, and filed at the school.”

“Compensation of the principal is determined by the board of trustees. Comparability data is used to determine the compensation of the principal which is reviewed and determined annually in the june meeting. The deliberation and final decision were timely documented. The type of comparability data that is used is: the form 990 of other organizations, written employment contracts, and compensation surveys or studies of other surrounding charter schools within their district. The process described here was last completed in 2022. Form 990, part vi, section b, line 15b: the organization does not compensate any other individual that meets the irs definition of officer or key employee.”

“Governing documents and conflict of interest policy as well as financial statements approved by the board are public information. Those are available upon request.”

“Aspira supporting services: program service expenses 3,239,166. Management and general expenses 297,422. Total expenses 3,536,588. Pantoja supporting services: program service expenses 60,932. Total expenses 60,932. Safety and security services: program service expenses 75. Total expenses 75. Educational services: program service expenses 1,203,861. Management and general expenses 76. Total expenses 1,203,937. Other professional services: program service expenses 26,825. Management and general expenses 9,656. Total expenses 36,481. Other purchased services: program service expenses 16,198. Management and general expenses -274. Total expenses 15,924.”