Gompers Preparatory Academy

“The executive committee is composed of the chairman of the board, the vice chair of the board as well as two other board members. All members are on the board of directors, and anything that is approved through the executive committee is brought to the full board at the following board meeting.”

“The form 990 is prepared by the organization's outside public accounting firm based on information provided by management. Once a draft of the return is available, it is reviewed by management with any changes or revisions incorporated into the filing. The revised return is then submitted to the board of directors for their review and approval prior to submitting to the irs.”

“Monitoring is performed regularly by the officers to identify potential conflicts of interest. Any question of a conflict is addressed with the interested person, who is required to disclose the existence of any financial interest and be afforded the opportunity to disclose all material facts to the board of directors. If a conflict of interest is identified, the appropriate action is taken, including limitations to the individual's influence on related business matters.”

“The officers and key employees' pay is determined based on board approved salary table for leadership and credentialed leadership positions. The board must vote to approve the leadership salary table as a direct action. The process described here was last completed in 2025.”

“The school makes required forms and governing documents available to the public if requested. Requests submitted during the school's normal operating hours will be fulfilled by the chief of staff within one business day.”

“Contracted substitute teachers: program service expenses 601,112. Management and general expenses 0. Fundraising expenses 0. Total expenses 601,112. Special education services: program service expenses 1,488,746. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,488,746. Other fees for service: program service expenses 570,402. Management and general expenses 479,259. Fundraising expenses 0. Total expenses 1,049,661.”

“The process for oversight and selection of an independent accountant has not changed from the prior year.”