George Jackson Academy

“The organization has its form 990 prepared by an outside accounting firm and has established the following review process to ensure that the information reported is complete and accurate. The form 990 is reviewed by management prior to filing with the internal revenue service.”

“The organization has established the following conflict of interest policy. In connection with any actual or possible conflict of interest, an interested person (trustee, principal officer, member of a committee with governing board delegated powers) must annually disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the trustees and members of committees with governing board delegated powers considering the proposed transaction or arrangement. After disclosure of the financial interest and all other material facts, and after any discussion with the interested person, he/she shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists. The information is recorded in the minutes of the governing board and all committees with governing board delegated powers.”

“The school's form 990 is available for public inspection as required under section 6104 of the internal revenue code. In addition, the financial statements, governing documents and conflict of interest policy are also available upon written request.”

“George jackson academy provides young academically talented boys with a rigorous curriculum focused on preparing them to attend the best schools in the country.”

“George jackson academy is the only independent, non-sectarian, needs-blind upper elementary and middle school for bright boys from low-income families in nyc. The school provides an 11-month academic program to underserved, academically capable boys from 5th to 8th grade, a time when young men are particularly vulnerable to disengaging from school.”

“The purpose of the audit committee is to assist the board of trustees in its oversight responsibilities in respect to (1) the audit of the academy's books and records and (2) the academy's system of internal control. This process has not changed since last year.”

“An amended return is being filed in order to conform to the organization's august 31, 2022, financial statements. A listing of all the changes to the form 990 is as follows: 1. Page 1, box g: gross receipts was restated to reflect the updated revenue reported in part viii. 2. Part i, summary: these amounts were updated to reflect the changes reported in their respective parts of the return due to the issuance of the financial statements. 3. Part iii, line 4a: the total program expenses and revenue for the organization's program was updated to agree to the adjustments made in part viii, part ix, and schedule d. 4. Part iv, line 11f and 12a: these amounts were updated to reelect the changes reported in their respective parts of the return. 5. Part viii , line 1e, line 1f, line 2a, and line 11a: these amounts were updated to reflect the changes reported in statement of revenue. 6. Part ix, line 2, line 9, line 10, line 12, line 14, line 24b and 24e: these amounts were updated to reflect the fuctional allocation per the audited financial statements. 7. Part x, column a, line 2, line 9, line 11, line 15, column b, line 3, line 4, line 16, line 17, line 19, line 26, line 27, line 28: these amounts were updated to agree to the audited financial statements 8.part xi, line 1, line 2, line 3: these amounts were updated to agree to the audited financial statements. 9. Part xii, line 2b, line 2c: these amounts were updated to agree to the audited financial statements. 10. Schedule b,page 1: the internal revenue service was added to agree to the changes on the financial statements. 11. Schedule d, page 2 part v & page 4: the amounts reported in this section was updated to agree to the audited financial statements. 12. Schedule i, part iii, column c: the amount reported in this section was updated to agree to the audited financial statements.”