Sage Academy Charter School Charter School No 4087

“The charter school reviews and signs the 990 before it is submitted.”

“The board is required to disclose conflicts of interest annually.”

“The charter school makes its governing documents, policies, and financial statements available upon request.”

“The organization is exempt from federal and state income taxes under section 501(c)(3) of the internal revenue code and similar state income tax laws. The organization is not a private foundation and contributions to the organization qualify as a charitable tax deduction by the contributor. The organization has evaluated for uncertain tax positions. Management has expressed that there are no uncertain tax positions as of june 30, 2014, 2013. The organizations tax returns are subject to possible examination by the taxing authorities. For federal tax purposes the tax returns essentially remain open for possible examination for a period of three years after the date on which those returns are filed. The organization believes it is no longer subject to federal and state income tax examinations for the years prior to 2010. During the year ended june 30, 2014, the organization has not incurred any interest or penalties on its tax returns.”

“Admin consult - authorizer fee : program service expenses 8,478. Management and general expenses 0. Fundraising expenses 0. Total expenses 8,478. Title ii fed sub award < 25k prior : program service expenses 850. Management and general expenses 0. Fundraising expenses 0. Total expenses 850. Consult fees-secondary ed : program service expenses 258,300. Management and general expenses 0. Fundraising expenses 0. Total expenses 258,300. Creative arts team consult/fees : program service expenses 300. Management and general expenses 0. Fundraising expenses 0. Total expenses 300. Prom consult/fees for svc : program service expenses 250. Management and general expenses 0. Fundraising expenses 0. Total expenses 250. Consult/fees for svc : program service expenses 603. Management and general expenses 0. Fundraising expenses 0. Total expenses 603. Title i part a consult fees < 25k : program service expenses 21,671. Management and general expenses 0. Fundraising expenses 0. Total expenses 21,671. Title i homeless coordinator : program service expenses 1,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,000. Speech pathologist - state sped : program service expenses 10,660. Management and general expenses 0. Fundraising expenses 0. Total expenses 10,660. Sped sld consult fees : program service expenses 45,291. Management and general expenses 0. Fundraising expenses 0. Total expenses 45,291. Sped ebd consult fees : program service expenses 11,553. Management and general expenses 0. Fundraising expenses 0. Total expenses 11,553. Sped ohd consult fees : program service expenses 16,623. Management and general expenses 0. Fundraising expenses 0. Total expenses 16,623. Sped asd consult fees : program service expenses 5,130. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,130. Fed sped consult fees <25k : program service expenses 8,449. Management and general expenses 0. Fundraising expenses 0. Total expenses 8,449. Fed sped consult fees prior yr fund : program service expenses 2,401. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,401. Sped aggregate consult fees : program service expenses 179,050. Management and general expenses 0. Fundraising expenses 0. Total expenses 179,050. Sped consultant : program service expenses 1,845. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,845. State sped school psychologist : program service expenses 6,480. Management and general expenses 0. Fundraising expenses 0. Total expenses 6,480. State sped school counselor : program service expenses 34,863. Management and general expenses 0. Fundraising expenses 0. Total expenses 34,863. Lunch service consult fees : program service expenses 4,442. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,442. Breakfast consult fees : program service expenses 306. Management and general expenses 0. Fundraising expenses 0. Total expenses 306. Non-instr. Support staff fees : program service expenses 0. Management and general expenses 77,625. Fundraising expenses 0. Total expenses 77,625. Consult: grant writing/title : program service expenses 0. Management and general expenses 808. Fundraising expenses 0. Total expenses 808.”

“The board of directors assumes responsibility for oversight of the audit of the financial statements and selection of an independent accountant. The process has not changed from the prior year.”