Gulf Coast Charter Academy South Inc

“On February 1, 2013, as amended on May 22, 2013, Gulf Coast Charter Academy South, Inc. (Academy) entered into an agreement with FORZA Education Management, LLC(FORZA), a Florida limited liability company, to facilitate the continuation of the Academy by performing certain functions relating to the provision of educational services; the management and operation of the Academy in accordance with enrollment, age and grade level specifications for the Academy. This Agreement is renewable or cancellable on June 30 of each year. The Agreement also may be terminated with cause by either party upon a sixty-day notice of material breach, as defined in the contract.”

“Election of Members and Responsibilities. Section 4. Board members shall be elected for an initial three year term, except as otherwise provided for the initial Board members. The Term can be extended to a year to year after the initial three year term if the Board member is interested in remaining on the Board. Beginning in the first fiscal year the Corporation operates as a charter school, the initial Board members shall establish Board classes by resolution to provide Board terms to be staggered so that no more than approximately 1/3 of the Board shall be up for election in any year, unless a vacancy or vacancies need to be filled.”

“Governance decisions. Members are charged with approval of charitable gifts, transfers, distributions and grants by the Corporation to other entities; adoption of an amendment to the Articles of Incorporation or the Bylaws; organization of a subsidiary or affiliate by the Corporation; approval of any merger, consolidation or sale or transfer of all or a substantial part of the assets of the Corporation.”

“A draft copy of Form 990 is provided to the administration and the Board of Directors for their review. The school Administrator is then required to sign the approved Form 990 electronic filing authorization, Form 8879-EO”

“Compensation Process for top management official. The Board of Directors approves the salary of the school administrator (Principal).”

“Governing Documents Disclosure Explanation. A list of the members of the Board of Directors is maintained on the Organizations website: www.gccas.org. The annual budget, minutes of the governing boards meetings and audited financial statements can also be found on the organizations website.”