Columbia Charter School

“The board contracts with imagine schools, inc to provide all charter school management services, including the administration and supervision of the personnel, materials, equipment, and facilities necessary for the provision of educational services to students, and the management, operation and maintenance of the charter school in accordance with the charter school mission, educational goals, curriculum, methods of pupil assessment, admission policy and criteria, school calendar and school day schedule, age and grade range of pupils to be enrolled and method to be used to monitor compliance with performance of targeted educational outcomes.”

“A draft of the form 990 is reviewed by the board of directors prior to filing with the irs.”

“Each trustee, principal officer and member of a commitiee with governing board delegated powers shall annually sign a statement which affirms such person has received a copy of the conflicts of interest policy, has read and understands the policy, has agreed to comply with the policy, and understands the organization is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish its tax-exempt purpose.”

“The board will determine reasonable compensation consistent with the governance policies and practices of the organization, the conflict of interest policy of the organization, practices in establishing compensation as illustrated in the form 990 instructions and provisions which give rise to the "rebutiable presumption of reasonableness" described in section 53 49858-6(a) of the us treasury regulations consistent with the preceeding paragraph, the determination of reasonable compensation shall also include (a) in advance of payment, the compensation arrangement will be approved by members of the board who do not have a conflict of interest with respect to the compensation arrangement being determined; ( b) the board will consider data and information as to the comparability of the compensation package prior to making its determination, (e.g., data and information about compensation paid by similarly situated taxable or tax-exempt organizations for similar services, current compensation surveys compiled by independent firms, or actual written offers from similary situated organizations competing for the services of the person whose compensation is being determined by the board); (c) the board will adequately document the basis for its determination concurrently with making that determination, which documentation shall include the board written or electronic recordation of the following the terms of transaction that was approved and the date it was approved, the members of the board who were present during debate on the transaction that was approved and the names of those who voted for it, the comparability data considered by the board, any actions taken with respect to the determination of the reasonableness of a transaction by anyone who is otherwise a member of the board, but who had a conflict of interest with respect to the transaction.”

“Governing documents, conflict of interest policy and financial statements are available upon request”

“The school's authorizer, the south carolina public charter school district, revoked the school's charter and the school closed effective June 30, 2017. In accordance with the charter agreement, the school's net assets will revert to the district upon collection of all remaining amounts due to the school and payment of all outstanding liabilities.”

“The board of directors oversees the audit process.”