Scholar Academies

“The board of directors may, by resolution adopted by a majority of the directors in office, establish an executive committee to consist of two or more directors of the corporation. The executive committee shall have an exercise all of the powers and authority of the board of directors, except that the executive committee shall not have any power or authority as to 1) the filling of vacancies in the board of directors, 2) the adoption, amendment or repeal of the by laws, 3) the amendment or repeal of any resolution of the board, 4) action on matters committed by the bylaws or a resolution of the board of trustees exclusively to another committee of the board of trustees.”

“Board members winston churchill, chair, charles freyer, secretary, and dennis ferry are all either scp partners or employees. Robert fox, winston churchill, charles freyer and dennis ferry have business relationships through investment funds in which they are invested. Winston churchill and tina small have a family relationship.”

“The finance committee reviews the form 990 in detail and provides any comments and recommends it to the full board for its review and input before the form 990 is filed with the irs.”

“A conflict of interest is completed annually by all members of the board and officers of the organization. In addition, when a person has become aware of a potential conflict, he or she must immediately disclose the existence and circumstances of such conflict of interest. The board chairman monitors and enforces compliance with the organization's written conflict of interest policy.”

“The governance committee evaluates the performance of the ceo, reviews the performance evaluation with the entire board, and recommnends changes to the ceo's compensation to the board for approval on an annual basis. The governance committee and the full board review the ceo's performance evaluations of the senior management team and changes in those team members' compensation prior to those changes taking effect.”

“The organization's governing documents, conflict of interest policy and financial statements are made available to the public upon request.”

“Payroll processing: program service expenses 20,462. Management and general expenses 3,130. Fundraising expenses 482. Total expenses 24,074. Other professional fees: program service expenses 52,401. Management and general expenses 8,014. Fundraising expenses 1,233. Total expenses 61,648. Contractors: program service expenses 1,016,242. Management and general expenses 51,152. Fundraising expenses 13,714. Total expenses 1,081,108.”

“The organization has not changed its audit oversight process or selection of an independent auditor process during the year.”