St. Sava Academy

“St. Sava academy's board was provided copies of this form 990 and schedules for review and discussion before its filing.”

“St. Sava academy has a written conflict of interest policy. Throughout its operation and function, the members of the board monitor compliance with this policy.”

“Compensation for the principal of the school is reviewed and approved annually by the board of directors using comparability data from similar educational institutions. The decision is documented in board minutes. No individual whose compensation was being reviewed participated in the vote.”

“St. Sava academy's governing documents, conflict of interest policy, and books and records are available for review upon request.”

“During the fiscal year, st. Sava reported additional revenue categories in part viii. St. Sava also received revenue from the sale of solar renewable energy credits generated by the organization's solar energy system. The activity is incidental to ownership of the system and does not constitute a trade or business regularly carried on. Accordingly, the income does not result in unrelated business taxable income. In addition, the organization received reimbursements from the church for shared expenses, including utilities and maintenance. These amounts represent cost-sharing reimbursements and are not program service revenue or unrelated business income. These items are reported in part viii, line 11 (other revenue).”

“The mission of st. Sava academy is to provide students with a dual-language education in an orthodox-christian learning environment that will guide students through life as respectful, resourceful and active participants in our society.”

“Part time volunteers are comprised mainly of parents assisting at school functions.”

“DEPRECIATION OF ASSETS”

“Book / tax depreciation difference 231,179”