Public Charter Schools of New Mexico

“All 10 Board members were independent during the year.”

“The tax return is provided to the organizations executive director and board members and reviewed before it is filed with the irs”

“Board members are required to disclose any conflicts annually.”

“The governing body reviews and approves compensation for the Executive Director using comparability data and documentation of the review and approval process.”

“The organization makes its governing documents and financial statements available to the public upon request; there were 0 received public requests during the audit year.”

“Grant Administration and Business Services: The organization expanded its services during the year to include grant administration of a Federal Charter School grant. The organization developed the rubric to evaluate subgrantees and train application reviewers. Once awarded the organization provides business financial training to the schools and reviews reimbursement requests for flow-through funds for allowability and alignment with the grant. The purpose of this program is to improve charter school operational capacity and support accountability and compliance for public funding.”

“| Explanation:| Program Service Accomplishments - Summary: During the fiscal year ended Ju2024 the organization continued providing professional development technical assistance and advocacy services to New Mexico public charter schools. In addition the organization expanded its services by developing and administering a Federal Charter Schools grant. On behalf of the subgrantees the organization provded financial business management services designed to improve operational capacity and ensure compliance with state and federal funding requirements. Program 1 Professional Development Training and Advocacy: The organization provides professional development technical assistance and advocacy services to public charter schools throughout New Mexico. Activities include conferences workshops training sessions governance support compliance assistance and sector advocacy to strengthen governance financial sustainability and instructional quality among member schools. Program 2 Grant Administration and Business Services New Program Area.”

“| Explanation:| Functional Expenses Allocation of Expenses: The organization allocates expenses among program services and management and general based on a reasonable allocation method that includes personnel time and direct cost identification. No fundraising expenses were incurred during the fiscal year ended June 30 2024.”