Progeny Academy Inc.

“Business management office, inc. Provides costomary financial services that include some defined by this form as "management services", including assistance with preparing and monitoring budgets.”

“The organization has two voting classes of membership designated a "enrollee members- and "employee members". Enrollment of a child in the organization shall qaulify the parent(s) or legal guardian(s) of such child for membership during the child's enrollment. Paid employment by organization shall qualify the employee for membership during the term of their employment.”

“All members in good standing are eligible to vote for the board members at the annual meeting in person or by proxy.”

“The academy does not have committee with the authority to act on behalf of the board.”

“A draft to the form 990 is reviewed by the financial consultant prior to approval.”

“Conflict of interest forms are required to be completed and reviewed on an annual basis.”

“The compensation package for the directors of the schooll and other key employees are determined by the board.”

“Governing documents, conflict of interest and financial statements would be made available upon request.”

“Progeny academys educational philosophy centers on the belief that all students can learn and deserve the opportunity to access and engage in rigorous academics and receive the social-emotional support needed to develop as a well-rounded, life-long learner. Additionally, the school believes that learners come to school with a unique profile of personal and academic experience and knowledge. All students need a school environment that can specifically and accurately pinpoint strengths and areas requiring support to create an authentic and individualized learning experience where the learner is challenged and supported to meet or exceed academic standards and develops the personal attributes to achieve success in secondary learning and beyond.”

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“ACCRUAL”