Damar Charter School Inc.

“Delegation of control to a management company: damar services, inc. Is a not-for-profit organization that serves as the education management organization (emo) for the damar charter academy according to the contract agreement signed by both organizations on the date the charter was granted by the mayor's office of indianapolis. Under the operating agreement, damar services provides the day-to-day management operations of the school. During 2017, total fees paid to damar services under the management agreement were $133,000. Damar services, inc. Is not considered a related organization.”

“Significant changes to governing documents: the articles of incorporation were amended to remove the incorporator language and to list the members of the board of directors. The bylaws were amended to add the organizations address and registered agent. It was also amended to add language on the means of communication.”

“Power to elect or appoint members of the governing body: the majority of the members of the board directors shall be individuals elected by the board of directors of damar charter school, inc. The remaining members of the board of directors of the corporation shall be individuals appointed by the board of directors of damar services, inc., or by a representative duly authorized by the damar board.”

“Process to review form 990: the 990 is reviewed by the school treasurer and the controller along with the school board treasurer prior to presentation to the audit committee. Upon approval of the 990 by the committee, the 990 is presented to the entire school board at the meeting scheduled before the due date of the return. The form 990 is also reviewed by an independent accounting firm.”

“Conflict of interest policy: all conflict of interest statements are reviewed by the governance committee and reported to the whole board annually, or as directors are added and as potential conflicts arise. It is the policy of the corporation and its board of directors that the corporation's directors, officers, and employees carry out their respective duties in a fashion that avoids actual, potential, or perceived conflicts of interest. The corporation's directors, officers, and employees shall have the continuing, affirmative duty to report any personal ownership, interest, or other relationship that might affect their ability to exercise impartial, ethical, and business-based judgments in fulfilling their responsibilities to the corporation. Directors, officers, and employees of the corporation shall conduct their duties with respect to potential and actual grantees, contractors, suppliers, agencies, and other persons transacting or seeking to transact business with the corporation in a completely impartial manner, without favor or preference based upon any consideration other than the best interests of the corporation. Directors, officers, and employees of the corporation shall not seek or accept for themselves or any of their relatives, from any person or business entity that transacts or seeks to transact business with the corporation, any gifts, entertainment, or other favors relating to their positions with the corporation that exceed common courtesies consistent with ethical and accepted business practices. If a conflict is discovered, it is noted in the governance committee and fully disclosed to the board. The member with the conflict recuses himself/herself from voting and discussion. Any contract entered into by the charter academy and an outside vendor that involves a perceived conflict of interest or a potential conflict of interest is reviewed by the governance committee of the board of directors. Any conflict concern identified by the governance committee is forwarded to the executive committee of the board of directors for action and resolution. The conflict of interest forms are also forwarded to the state board of accounts for their files.”

“Compensation of officers: damar charter school, inc. Does not compensate any employees. All employees are compensated by the education management organization (emo).”

“Availability of governing documents, coi policy, & financial statements: the organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request, by u.s. Mail or by email.”

“Number of employees reported on form w-3: the employees of damar charter school are paid through a common paymaster, and therefore are not reported on a form w-3 by damar charter school. They are included on the from w-3 filed by the management company damar services.”

“Fundraising expenses: the education management organization provides a de minimis amount of fundraising services that are including in the management fee. Therefore no expenses have been allocated to fundraising.”