Pride College Preparatory Academy

“Line 11a explanation - the form 990 will be reviewed by the liquidator, simone green.”

“All employees and board members must sign a conflict of interest agreement stating that they will not derive any personal profit or gain (excluding salary from pride college prep), directly or indirectly, by reason of his or her participation with pride college prep. Each individual shall disclose to the school founder or his/her designee any personal interest which he/she may have in any matter related to pride college prep and not participate in any decision on that matter.”

“The governing documents, conflict of interest policy, and financial statements are available to the public upon request.”

“Termination of entity - distribution of cash to arise academy -295,138.”

“In december 2012, the state board of elementary and secondary education (bese) voted to revoke pride's charter and therefore cease operations at june 30, 2013. Effective june 30, 2013, bese decided to liquidate pride and, accordingly, revalued its assets and liabilities to the amounts expected to be collected and paid during the liquidation. The effect of the revaluation is included in the statement of activities in liquidation in management and general expenses. Since the disposition of assets had not taken place as of may 15, 2014 (the due date of the 2012 tax return), the 2013 return will be the final tax return.”