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: 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. In fiscal year 2021, pave established an executive director search committee to review the compensation and offer for the new executive director position. In addition to the above sources, pave received input from an executive search firm as another factor in determining compensation for the new executive director. 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 2021.”

“Pave academy charter school makes its form 990 available for public inspection as required under section 6104 of the internal revenue code. The return is posted on guidestar.org and other similar types of websites. In addition, the financial statements, conflict of interest policy, articles of incorporation and by-laws are also available upon written request at 732 henry street, brooklyn, ny 11231, or by calling the organization directly at 718-858-7813.”

“Fiscal management: program service expenses 77,768. Management and general expenses 11,298. Fundraising expenses 0. Total expenses 89,066. Temporary staffing: program service expenses 100,959. Management and general expenses 14,668. Fundraising expenses 0. Total expenses 115,627. Administrative & instructional consulting: program service expenses 251,936. Management and general expenses 33,748. Fundraising expenses 0. Total expenses 285,684. Payroll processing: program service expenses 10,593. Management and general expenses 1,539. Fundraising expenses 0. Total expenses 12,132. Property management: program service expenses 147,058. Management and general expenses 21,365. Fundraising expenses 0. Total expenses 168,423. Security/custodial services: program service expenses 289,986. Management and general expenses 42,131. Fundraising expenses 0. Total expenses 332,117.”

“Loss on disposal of property and equipment -10,286.”

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