Launch Expeditionary Learning Charter School

“The organization has an agreement for administrative, management and consulting services with trinet. Trinet provides tax filing, personnel supervision, human resources consulting services and performs other outsourced hr functions. The organization paid trinet $57,881 for these services in fiscal year 2021.”

“The form 990 is prepared by an outside accounting firm. It is reviewed by management and the finance committee of the board of trustees for review. Any required changes are made, and a complete copy is distributed to all members of the board prior to filing.”

“The school shares its conflict of interest policy with board members, officers, and all employees as part of their regular meetings. Officers, board members, and employees are expected to declare if at any point a conflict of interest arises. If a potential conflict were to arise, the interested person leaves the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest. Annually, all interested persons shall sign a statement of affirmation stating that they have received a copy of the conflict of interest policy, and agree to abide by it. The governing board's decision as to whether a potential conflict of interest exists is documented in the minutes of the board.”

“The process for determining the compensation of the executive director and all officers of the organization includes a review by the personnel committee which includes a review of their performance compared to previously determined goals and metrics, as well as comparable compensation data for the charter school sector. The personnel committee provides a detailed memo to the full board for discussion, followed by a vote on the budget, including officer compensation. This process was last conducted in 2020 and was documented in the minutes of the board.”

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

“Education consultants: program service expenses 563,494. Management and general expenses 95,715. Fundraising expenses 12,204. Total expenses 671,413. Bookkeeping & csbm fees: program service expenses 0. Management and general expenses 17,557. Fundraising expenses 0. Total expenses 17,557.”

“Loss on disposal of property & equipment -4,093.”

“The school has a finance committee that is responsible for the oversight of the audit of its financial statements and the selection of an independent accountant. The process has not changed from the prior year.”