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 administrative and contracting, financial management, facilities, human resources and payroll, transportation, nutrition, and information technology and support activities.”

“The bylaws were amended on june 4, 2021. Significant changes were: (1) removal of the requirement that all expenditures in excess of $10,000 and not in the budget must be approved by the board at a duly constituted meeting. (2) removal of the vice chairperson officer position. Previously, the only designated duty of the vice chairperson was to assume the duties and authority of the chairperson in their absence or disability. The prior bylaws included a provision that the chairperson may designate a person to assume their duties; this provision now covers the prior duties of the vice chairperson.”

“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.”

“Governing documents and conflict of interest policy as well as financial statements approved by the board are public information. Those are available 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 3,666,725. Management and general expenses 302,155. Fundraising expenses 0. Total expenses 3,968,880. Educational services: program service expenses 1,623,278. Management and general expenses 154,586. Fundraising expenses 0. Total expenses 1,777,864. Other professional services: program service expenses 96,641. Management and general expenses 155,486. Fundraising expenses 0. Total expenses 252,127. Other purchased services: program service expenses 95,151. Management and general expenses 8,324. Fundraising expenses 0. Total expenses 103,475. Pantoja supporting services: program service expenses 77,587. Management and general expenses 0. Fundraising expenses 0. Total expenses 77,587.”

“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. In addition, 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, which was adopted in fiscal year june 30, 2019. As a result of the fiscal year 2022 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, 2022 fiscal year.”

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