El Colegio Charter School

“Contracts and wages for the school are controlled and paid by a service provider, edvisions.”

“The form 990 is prepared by an independent accounting firm. Once the form is completed, it is given to the administrative director for review before it is signed and filed. The 990 is not reviewed by the entire board before it is filed.”

“Board members sign a conflict of interest statement annually. The board also reviews the conflict of interest policy annually and makes changes as necessary.”

“The board of directors takes into account performance, budget, and comparable salaries in determining the salary.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“One member of the board is a teacher at the school. Minnesota state statutue 124d.10 subd. 4(g) requires the board to have at least one employed or contracted teacher. There is one member on the board that receives compensation from an unrelated organization, edvisions, for service rendered to el colegio charter school.”

“Consulting fees/fees for services: program service expenses 901,333. Management and general expenses 232,299. Fundraising expenses 0. Total expenses 1,133,632. Purchased services: program service expenses 93,251. Management and general expenses 0. Fundraising expenses 0. Total expenses 93,251.”

“Pension expense per actuarial assum: program service expenses -49,140. Management and general expenses 0. Fundraising expenses 0. Total expenses -49,140.”

“The school board assumes responsibility for oversight of the audit of its financial statements and selection of an independent auditor annually. This process has not changed from the prior year.”

“Made an effort to obtain information on compensation, if any, was paid from a related organization. No response received and no transactions noted.”

“El colegio charter school does not report w-2's and w-3's or salary expenses and benefits due to all teacher and management contracts being done through edvisions. Edvisions pays the employees wages and benefits and submits an invoice to el colegio charter school for the services provided.”

“The school is required to have an authorizer to monitor its operations in order to maintain its charter. The school's approved authorizer during the fiscal year 2024 was pillsbury united communities.”