Parents in Partnership

“Two directors in the board of directors, bruce postman and anne postman, have a family relationship.”

“There are no committees with authority to act on behalf of the governing body.”

“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, it is reviewed by management with any changes or revisions incorporated into the filing. The revised return is then submitted to the board of directors for their review and approval prior to submitting to the irs.”

“Monitoring is performed regularly by the 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. An interested person can be any director, officer, or member of a committee with board delegated powers who has a direct or indirect financial interest. Direct or indirect financial interst can be through business, investment, or family: an ownership or investment interest in any entity with which the corporation has entered into or proposes to enter any transaction or arrangement; a compensation arrangement with the corporation or with any entity or individual with which the corporation has entered into or proposes to enter into any transaction or arrangement; or a potential ownership or investment interest in, or compensation arrangement with, any entity or individual with which the corporation entered into or proposes to enter into any transaction or arrangement. If a conflict of interest is identified, the appropriate action is taken, including limitations to the individual's influence on related business matters.”

“The executive director's pay is determined based on data provided by external charter management organizations and through comparison studies of other charter schools. The board must vote to approve the executive director's compensation as a direct action. The officers and key employees' pay is determined based on data provided by external charter management organizations and through comparison studies of other charter schools. The board only acts on the salary of the executive director, all other salaries are established without board approval. The process described here was last completed in 2024.”

“Governing documents and financial statements are made available to the public on the school's website. The conflict of interest policy is available upon request and at board meetings.”

“The process for oversight and selection of an independent accountant has not changed from the prior year.”