Math Engineering and Science Academy (Mesa) Charter High School

“The school has contracted with charter schools business management (csbm) for financial management services. The expenses incurred in fiscal year 2021 for these services was $165,713.”

“The school has its form 990 prepared by an outside accounting firm. It is then reviewed by school management and the board of trustees for approval. If changes are required the school will then forward to the outside accounting firm and a final version will be distributed to all board members prior to irs submission.”

“The conflict of interest policy is applicable to all board members, officers or committee members ("interested persons") who should also annually sign and submit to the board secretary a statement which affirms such person: (a) has received a copy of this policy, (b) has read and understands the policy, and (c) has agreed to comply with the policy. An interested person must disclose the existence of any potential or actual conflict of interests to the board or committee. After the interested person discloses all material facts, the individual leaves the meeting while the determination of a conflict of interest is discussed and voted upon. The board minutes of the meeting disclose the name of the interested person, the conflict of interest, the names of the individuals at the meeting, and the result of the vote held by the board or committee. Annually, all interested persons sign a statement of affirmation stating that they have received a copy of the conflict of interest policy, and agree to abide by it.”

“The organization uses comparable data and refers to other non-profit compensation schedules across the non-profit sector as a whole. The compensation of the co-executive directors is based on a school leader evaluation co-created between the school leaders and the board. The organization conducts its review of compensation of the co-executive directors and updates its compensation schedule annually. The compensation of the co-executive directors is approved by the board and documented in the minutes of the board. This process was last conducted in 2020.”

“The school makes its governing documents, conflict of interest policy, and financial statements available upon request.”

“The school has a finance committee that is responsible for the oversight of the audit of its financial statements and the selection of an independent accountant. The process has not changed from the prior year.”