Chesapeake Charter School Alliance Ltd

“The organization has voting and non-voting members. Any individual or family interested in and committed to the purpose of the alliance is eligible for non-voting membership. Any individual or family interested in and committed to the purpose of the alliance who pays the annual dues is a voting member of the alliance.”

“Regular board members are elected through a "self perpetuating board" process. A committee seeks out and interviews condidates and forms a slate. The full board votes on the slate. The staff elects the staff member, and the parent member is elected by the general membership.”

“The organization engages an outside professional to prepare the annual form 990. A draft of the form 990 is provided to the finance committee of the organization upon preparation by the outside professional. Upon the review and approval of the finance committee, the outside professional finalizes the form 990 and provides final copies to the organization.”

“The organization has a conflict of interest policy that requires all board members to annually sign a statement disclosing any potential conflicts of interest.”

“The organization does not have paid employees. The teachers and staff of the chesapeake public charter school are employees of the st. Mary's county school system. The compensation of the teachers and staff are determined exclusively by the st. Mary's county public school system. The organization reimburses the st. Mary's county public school system for the employment costs of the teachers and staff.”

“The organization does not have paid employees. The teachers and staff of the chesapeake public charter school are employees of the st. Mary's county school system. The compensation of the teachers and staff are determined exclusively by the st. Mary's county public school system. The organization reimburses the st. Mary's county public school system for the employment costs of the teachers and staff.”

“All governing documents, conflict of interest policies, and financial statements are made available to the public upon request or via the organization's website.”

“The return is being amended to correctly report the rental income on part viii, line 6c of 10,720 as 'revenue excluded from tax under sections 512 - 514' in column (d). The rent income was incorrectly reported in column (c) as unrelated business revenue. Because the property is used more than 85% for the organization's exempt purpose, it is excepted from treatment as debt-financed property, and therefore excluded from tax.”

“To support the chesapeake public charter school as follows: 1)by engaging in informational activities to increase public awareness and to promote understanding of the vision of the chesapeake public charter school. 2) by conducting fundraising activities and soliciting grants, donations, and charitable contributions to be used solely for the financial support of the chesapeake public charter school. 3) by acting as the governing body for the chesapeake public charter school”

“The alliance received rental income from debt-financed property during the fiscal year. Since the alliance uses more than 85% of the debt-financed property for its charter school program, the rental income is exempt from unrelated business income tax.”

“Fundraising expenses 14,552 facility expenses 128,078 fundraising expenses -14,552 facility expenses -128,078”