Teleos Preparatory Academy

“Certain functions of multiple schools in the great hearts network are also provided to the school by great hearts academies, the school's tax exempt sole member.”

“The school's tax-exempt sole member appoints the school's directors, fills vacancies on the board, and may remove directors.”

“The school's tax-exempt sole member retains approval rights over key decisions such as changes to the school's bylaws, articles of incorporation, educational philosophy, and significant financial expenditures (in excess of 50,000).”

“The 990 is prepared by an external cpa firm and reviewed internally by the cfo. After completing the cfo review, the return is finalized and then reviewed by the great hearts audit committee prior to being signed by the cfo.”

“Board members, officers and all employees complete and sign a conflict of interest agreement. These agreements are reviewed by human resources and any conflicts are identified and reported to the auditors and the board to monitor.”

“Subject to the school's conflict of interest policy, the school's tax- exempt sole member and the school's board approve the compensation of key staff such as headmaster and assistant headmaster.”

“The cmo, along with board approval, determines the compensation of key staff such as headmaster and assistant headmaster.”

“All board meetings are posted in advance in accordance with arizona open meeting laws. The governing documents, conflict of interest policy, and financial statements are available both at the meetings or following the meeting and upon request.”

“To enable students in grades kindergarten through eighth to acquire critical reasoning and communication skills and to explore the cultural and scientific achievements that are at the heart of the liberal arts. In addtion, providing an environment that allows every student who is curious and diligent the opportunity to achieve academically.”

“The volunteers help in classrooms and support teachers and students.”

“Line 2a: all payroll, payroll taxes and benefit plans are centralized through its tax-exempt sole member, great hearts academies (ein 20-2036133), which acts as the common paymaster for all of its subsidiary schools. Therefore, great hearts academies files payroll tax returns under their employer tax identification number reporting all payroll activity on behalf of the school. Payroll related expenses reported on this return represents an allocation of salaries and wages paid by the entity.”