Northside Charter High School

“Muhammed chaudhry, ceo, and rizwan alladin, treasurer, have a family relationship.”

“The organization has its form 990 prepared by an outside accounting firm. It is then reviewed by the chief executive officer and the chief financial officer. A complete copy is provided to all members of the organization's governing body for their review prior to filing.”

“The school has a conflict of interest policy which applies to all trustees, officers, and school employees, whereby such persons sign a conflict of interest dislcosure statement annually. Any trustee, officer or employee who has a potential conflict of interest must disclose the nature and extent of such interest in writing to the board of trustees and members of any committee considering the proposed transaction or arrangement. The interested person may make a presentation at the governing board or committee meeting, but after the presentation, he/she must leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest. If the interest is determined to be a conflict, the chairperson of the governing board or committee may appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. After exercising due diligence, the governing board or committee determines whether the school can obtain with reasonable efforts a more advantageous transaction or arrangement that would not give rise to a conflict. The minutes of the meeting of the board or committee reflect the conflict of interest disclosed, the names of the persons who were present for discussions, and votes relating to the transaction or arrangement.”

“The process for determining the compensation of the organization's chief executive officer, chief financial officer, chief academic officer, and chief student services officer includes review and approval by the organization's board of trustees, and the use of comparability data, including form 990's of other organizations. The compensation decisions are documented in the minutes of the board meeting, including: a) a description of the compensation and benefits for each person and the date it was approved; b) a description of the comparability data relied upon and how the data was obtained. This process was last undertaken in fiscal year 2024.”

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

“The organization contracted with a professional employer organization (peo) for services, including but not limited to, payroll, timekeeping, employee benefits, hr administration and workforce regulatory compliance needs. As the employer of record for tax purposes, forms w-2 and w-3 are issued by the peo and filed under the peo's federal ein. In this co-employment arrangement, the organization is the common law employer and, accordingly, compensation is reported on form 990, part vii, section a and part ix, lines 5-10.”

“Loss on disposal of assets -322,467.”

“The school has a finance committee that is responsible for the oversight of the audit of the organization's financial statements and the selection of the independent accountant. The process has not changed from the prior year.”