John B Stetson Charter School an Aspira Inc. of Pennsylvania School

“The school pays aspira, inc. Of pennsylvania, an unrelated 501(c)(3) public charity, for professional services, including but not limited to management services. The services provided include: the adminstrative and contracting, financial management, facilities, human resources and payroll, transportation, nutrition, and information technology and support activities.”

“The form 990 has been prepared by an independent public accounting firm with the assistance of management. Management reviews and then presents the form 990 to the board finance committee. Prior to filing with the internal revenue service (irs) a complete copy of the form 990, as it will be filed with the irs, is provided to all voting board members.”

“Board members are required to disclose any actual or perceived conflicts of interest on an annual basis at open board meetings. Conflicts historically have been disclosed under the advice of counsel and then there is intended to be a recusal from all votes related to that conflict. In addition, the conflict of interest disclosure form, provided by the state ethics commission, is completed by all board members, and filed at the school.”

“Compensation of the principal is determined by the board of trustees. Comparability data is used to determine the compensation of the principal which is reviewed and determined annually in the june meeting. The deliberation and final decision were timely documented. The type of comparability data that is used is: the form 990 of other organizations, written employment contracts, and compensation surveys or studies of other surrounding charter schools within their district. Form 990, part vi, section b, line 15b: the organization does not compensate any other individual that meets the irs definition of officer or key employee.”

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

“The school's financial statements are prepared under governmental auditing standards, which do not require disclosure of management's evaluation of uncertain tax positions. Management has performed this evaluation and is not aware of any activities that would jeopardize the school's tax-exempt status.”

“Aspira supporting services - direct charges: program service expenses 2,771,572. Management and general expenses 90,174. Fundraising expenses 0. Total expenses 2,861,746. Educational services: program service expenses 632,106. Management and general expenses 81,653. Fundraising expenses 0. Total expenses 713,759. Other professional services: program service expenses 542,139. Management and general expenses 120,117. Fundraising expenses 0. Total expenses 662,256. Other purchased services: program service expenses 81,401. Management and general expenses 6,327. Fundraising expenses 0. Total expenses 87,728. Pantoja supporting services: program service expenses 49,041. Management and general expenses 0. Fundraising expenses 0. Total expenses 49,041.”

“The school is part of the public school employees' retirement system (psers), which is a governmental cost-sharing multiple employer defined pension and benefit plan that provides benefits to public school employees of the commonwealth of pennsylvania. Under governmental-wide accounting for governmental accounting standards (gasb) reporting, the school is required to record their allocated portion of the psers net pension liability, deferred inflows and deferred outflows on an annual basis since the adoption of accounting standard gasb 68 - accounting and financial reporting for pensions in fiscal year june 30, 2015. During june 30, 2019, the school is required to record their allocated portion of the psers other postemployment benefit (opeb) liability, deferred inflows and deferred outflows on an annual basis due to the adoption of accounting standard gasb 75 - accounting and financial reporting for postemployment benefits other than pensions. As a result of the fiscal year 2019 allocations and gasb 68 and 75 journal entries required to be recorded, the psers pension and opeb activity resulted in a credit for june 30, 2019 fiscal year.”

“No changes from the prior year selection or oversight process.”