Pave Academy Charter School

“The organization has its form 990 prepared by an outside accounting firm. It is then reviewed by the organization's executive director and the finance committee of the board of trustees for review. Any questions, comments, or required changes are forwarded to the accounting firm, and a final version is distributed to all board members prior to filing with the irs.”

“The organization has a conflict of interest policy applicable to all trustees, officers, key persons and employees of the school. Any person with a potential or actual conflict of interest must promptly disclose such potential or actual conflict of interest in good faith in writing to his or her immediate supervisor, as applicable, and to each member of the board. Any trustee, officer, key person or employee to which the potential or actual conflict of interest relates may not be present at or participate in the board or committee deliberation or vote on the matter giving rise to such conflict; provided that nothing prohibits the board or a committee from requesting that the person with the conflict of interest present information as background or answer questions at a committee or board meeting prior to the commencement of deliberations or voting relating thereto. The board or committee determines by a majority vote of the disinterested trustees or committee members whether a conflict exists. The interest person is recused from participating in decision making on matters involving the conflict. All trustees are required to sign a conflict of interest statement and submit it to the board secretary annually.”

“Pave participates in an annual compensation survey conducted by a charter school industry association, which surveys similar organizations on their compensation practices and amounts. Nearly all of pave's positions are reflected in this survey, including but not limited to: executive director, the elementary school principal, the middle school principal, functional directors, and teachers. Additionally, pave refers to the nyc doe schedules for school leaders and instructional staff, as well as other non-profit compensation schedules across the non-profit sector as a whole. Pave conducts its review of compensation and sets reasonable compensation annually. Executive compensation is approved by the board and documented in the minutes of the board. This process was last conducted in fy 2025.”

“Pave academy charter school makes its form 990 available for public inspection as required under section 6104 of the internal revenue code. In addition, the financial statements, conflict of interest policy, articles of incorporation and by-laws are also available upon written request.”