Dream Charter School

“Dream charter school has an institutional partnership agreement with the harlem rbi, inc. As part of the agreement harlem rbi provides executive management and back office services. The chairman of dream charter school, richard berlin, is the executive director of harlem rbi. Please see part vii, section a for information regarding compensation.”

“Minutes are kept for executive committee meetings. Other committees report to the board and minutes are kept for all board meetings.”

“Management reviewed a draft of the form 990 with the audit/finance committee and provided edits to the tax preparer. After this process was performed, the form 990 was sent to the full board of directors prior to being filed with the irs. The complete, final 990 was provided to the board prior to filing.”

“The organization's board has adopted a conflict of interest policy that covers all directors, officers and key employees. Under this policy, prior to initial election, appointment or hiring of any director, officer or key employee, and annually thereafter, the secretary shall distribute to each such person a copy of the policy together with a written disclosure statement. The disclosure statement shall require confirmation that such person has read the policy and agrees to be bound by it, and identify any potential covered arrangements. Each such person shall complete, sign and submit such disclosure statement promptly and shall update his or her disclosure statement as necessary to keep it accurate during the course of the following year. The chair of the audit committee and the board chair will review all potential covered arrangements for determination of whether a conflict exists. The audit committee (or the board in certain circumstances), is responsible for the review and approval of such transactions. Persons with a conflict must refrain from participating in, being physically present during, or attempting to influence, the consideration or determination by the audit committee or board of covered arrangement.”

“During fy17 the executive committee reviewed comparable salaries based on a recognized study and reviewed the performance of the head of school to determine if the existing salary falls within these ranges.after a deliberation of this matter, a new proposed salary and benefit package was voted on. The minutes of the board of directors reflected the nature of this process.”

“These documents are available upon request.”

“Instructors & tutors: program service expenses 33,517. Management and general expenses 0. Fundraising expenses 0. Total expenses 33,517. Contractual services: program service expenses 719,343. Management and general expenses 774,540. Fundraising expenses 163,222. Total expenses 1,657,105. Consulting & professional: program service expenses 456,099. Management and general expenses 24,764. Fundraising expenses 0. Total expenses 480,863.”

“The process has not changed from prior year”