Math and Science Academy

“The Form 990 is prepared by school accountant. Prior to filing the form 990, the Finance Manager, Treasurer, and School Director will conduct a detail review and provide the approved draft of the form 990 to the full board for any change requests or questions.”

“The School's conflict of interest policy covers Officers and Board Members and requires each covered individual to notify the Board of Directors about any actual or potential conflicts of interest upon acknowledgment that a conflict may exist. The conflicted individual is expected to report all material facts to the Board, who shall determine whether a conflict exists without the conflicted individual. The conflicted individual may not vote or participate in the determination process. All conflicts and proceedings are documents in the meeting minutes.”

“The process for determining the School Director's compensation was two fold. First, the Director's evaluation committee looked at the MN Association of Charter Schools 2012-2013 compensation survey report. Second, the evaluation committee went through an extensive process involving feedback from teachers, board members and students. A report was issued which summarized the process and results. The Director was new for the year 2012-2013 and therefore this was the first evaluation.”

“Salary increases for all staff are determined by the budget committee based on estimates of benefits, funding and after review of comparability data. Teachers who serve on the Board are not compensated for their services as Board Members/Officers but rather for their services as teachers at the school. The Annual Employment Contract is approved by the Board of Directors for each employee. In addition, all teaching staff salaries are determined on a step and lane board approved grid. This process was most recently conducted in 2012-2013.”

“The School makes its governing documents, conflict of interest policy, and financial statements available to the public on its website and/or upon request.”

“Per MN Statute 124D.10, Charter Schools are required to have licensed teachers as members of the Board of Directors. Dan Keller, Susan Mooney, Teri Sue Hitchcock, Ken Thielman, Lisa Anderson, and Amy Otteson are Board Members, but received compensation for their services as Teachers.”