Bay View Academy

“No committees have authority to act on behalf of the governing body.”

“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.”

“Conflict of interest statements are completed annually. The officers, directors, and the trustees are covered under the organization's conflict of interest policy. All designated employees are required to disclose potential conflicts, as well as when they arise. Monitoring is performed regularly by the officers to identify potential conflicts of interest. The board or designated committee reviews any conflicts presented by interested parties. The chairperson appoints a disinterested person or committee to investigate the transaction in question and report findings to the board. Alternatives to the proposed transaction are identified and compared to the proposed transaction. Any questions of a conflict are addressed with the designated employee, who is required to disclose the existence of any material financial interest and be afforded the opportunity to disclose all material facts to the board and executive director. The board votes on the most beneficial option for the organization. If the board has reason to believe an interested person has failed to disclose the potential conflict, the board will investigate further and if necessary, take appropriate disciplinary and corrective action. If a conflict of interest is identified, the organization will not enter into any contract or transaction in which a designated employee has a material interest. All deliberation and decisions are recorded in meeting minutes.”

“Compensation for executive directors and top officers is reviewed annually by the board and compared to market research of schools of similar operations and size. After careful review, compensation is approved by the board and offered to the officers. The process described here was last completed in 2024.”

“The documents are readily available to the public upon request.”

“Educational consultants: program service expenses 422,372. Management and general expenses 0. Fundraising expenses 0. Total expenses 422,372. Other fees for services: program service expenses 416,861. Management and general expenses 32,705. Fundraising expenses 0. Total expenses 449,566.”

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