Leading Edge Academy Maricopa

“Arizona Charter Solutions (an Arizona nonprofit 501(c)(3) corporation) performs the management duties for the Organization. ACS is responsible for the day to day operations of the School, subject to the ongoing oversight of the members of the Schools board of directors.”

“Effective July 10, 2017, Arizona Charter Solutions, Inc. became the sole member of the School, with authority to appoint members of the Schools governing board. The organizational bylaws were changed accordingly.”

“The Form 990 is distributed to all board members prior to filing the return. The management of the School and members of the board of directors review the 990 for accuracy and authorize its filing.”

“Any conflicts are disclosed prior to voting on an agenda item, with conflicted members abstaining from voting. Board members and other key employees are instructed annually on the conflict of interest policy and are required to submit a signed conflict disclosure form annually. Any disclosures are reviewed by the board on an annual basis.”

“Salaries are set by the corporate board of directors during a duly called board meeting as described in the bylaws. Prior obtained comparability data are reviewed and used by the board members. The Organizations legal counsel reviews all compensation agreements between the Organization and members of management. Only disinterested board members review and approve the compensation. The person is available to answer questions but leaves the room for the discussion and vote. Compensation is set and reviewed on an annual basis in writing. The discussion and decision are recorded in the minutes.”

“All employees of the School receive salaries based on comparability data and a schedule approved by the board of directors of the School. The procedure followed for CEO compensation is also used for officer and key employee compensation.”

“Form 990 may be reviewed by the public at the network office during normal business hours.”

“Governing documents, policies, and financial statements may be reviewed by the public at the network office during normal business hours.”

“Other professional program services include $176,174 of professional counselors, therapists and contracted teachers and services. Other professional management and general services include $66,166 of professional teaching development services and purchased contract fees.”