Gulf Coast Charter Academy South Inc.

“All policy decisions, including the annual budget, are formulated by the board of directors. The board of directors has the powers reasonably necessary to manage, operate, maintain and discharge the duties of the academy to include adopting budgets; enter into contracts; adopt, publish, promulgate and enforce rules and regulations; employ on behalf of the academy; managers, independent contractors, and any other employees deemed necessary; and acquire, sell, operate, lease, manage, and otherwise trade and deal with property, real and personal. On february 1, 2013 and as amended on may 22, 2013, the academy entered into an agreement (the "agreement") with forza education management, l.l.c. (forza), a florida limited liability company, to facilitate the continuation of the academy by performing certain functions relating to the provision of educational services and the management and operation of the academy in accordance with enrollment, age, and grade level specifications for the academy. This agreement will expire on june 30, 2016. The agreement may be terminated with cause by either party upon a sixty day notice of material breach, as defined in the contract. The agreement will automatically renew for a period equal to the charter school agreement extension with the district, unless written notice to terminate by either party is received one year prior to the expiration date of the agreement. Forza shall be responsible for the following services: 1) implementation and administration of the educational program, 2) management of all personnel functions, 3) sound financial operation of the academy, 4) business administration of the academy, and 5) installation of necessary technology. The annual management fee for these services is 12% of all sources of gross receipts of the academy excluding borrowings undertaken by the academy.”

“Section 6.3. The term of office of an elected director shall be three (3) years and shall expire, regardless of whether or not a successor shall have been duly elected and qualified. The terms of elected directors shall be staggered so that no elected director's term expires less than four (4) months before the expiration of the next elected director. Section 6.1. The affairs of the corporation shall be governed by a board of directors (hereinafter referred to as the "board"), subject to the restriction that, except as specifically set forth to the contrary in the bylaws, the exercise of any powers or actions of the board shall require the approval thereof by a majority vote of the board present at a meeting at which a quorum or no less than two (2) directors are present. The affirmative vote of any two (2) directors shall be necessary for all corporate action requiring a vote of the board, including, but not limited to the following: section 6.3. The term of office of an elected director shall be three (3) years and shall expire, regardless of whether or not a successor shall have been duly elected and qualified. The terms of elected directors shall be staggered so that no elected director's term expires less than four (4) months before the expiration of the next elected director.”

“6.1.1. Approval of charitable gifts, transfers, distributions and grants by the corporation to other entities. 6.1.2. Adoption of an amendment to the articles of incorporation or the bylaws. 6.1.3. Organization of a subsidiary or affiliate by the corporation. 6.1.4. Approval of any merger, consolidation or sale of other transfer of all or a substantial part of the assets of the corporation.”

“Th financial statements of the organization are audited by an independent certified public accountant. The administration and the board of directors review a draft of the audited financial statements prepared according to gaap. The president of the board of directors signs the management representations letter. A draft of form 990 is provided the administration and board of directors and the administrator is required to sign form 8879.”

“The board of directors approves the salary of the administrator (school principal).”

“A list of the members of the board of directors is maintained on the organization's website. Also on the website is the annual budget, minutes of the governing board's meetings, and the audited financial statements.”

“A charter school and component unit of the district school board of collier county, florida providing a public school education to students from kindergarten through eighth grade, who reside in collier couty florida.”

“The organization, as a charter school and component unit of the district school board of collier county, florida educated approximately 600 students for the 2014/2015 school year.”