Nova Academy

“A family relationship exists between board members norm lester and karen lester.”

“There are no sub committees with authority to act on behalf of the organization.”

“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, the form 990 is reviewed by the organization's chief executive officer and business services manager. The form is also presented and provided to the board members at the first formal board meeting following the completion of the return. The for 990 is reviewed and approved prior to submitting to the irs.”

“The organization maintains a conflict of interests policy for board members, officers, and employees. In connection with any actual or potential conflict of interests, an interested person must disclose the existence and nature of any outside interest, outside activity, and financial interest to the board of directors, or the board committee delegated the authority to receive such disclosures. Monitoring is performed regularly by the board 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 and executive director. If a conflict of interest is identified, the appropriate action is taken, including limitations to the individual's influence on related business matters.”

“The organization performs a study looking at comparable industry standard salaries and applies those standards across positions it has. The salaries of ceo and executive directors are included in the budget presented to the board prior to the beginning of the fiscal year. The board of directors has the ability to modify or change the compensations through a majority vote. The ceo's compensation was last reviewed on 10/05/2022. A three-year employment agreement was penned 10/07/2022 and that agreement is valid through 06/30/2025.”

“The required documents are available upon request at the business address during normal business hours.”

“Food services: program service expenses 225,851. Management and general expenses 98,250. Fundraising expenses 0. Total expenses 324,101. Special education: program service expenses 230,120. Management and general expenses 100,107. Fundraising expenses 0. Total expenses 330,227. Contracted substitutes: program service expenses 140,731. Management and general expenses 61,221. Fundraising expenses 0. Total expenses 201,952. Prof. Serv. Non-instructional consultants: program service expenses 84,829. Management and general expenses 36,902. Fundraising expenses 0. Total expenses 121,731. Other services: program service expenses 441,264. Management and general expenses 191,961. Fundraising expenses 0. Total expenses 633,225.”

“The organization has not changed its oversight or selection process during the tax year.”