Launch Expeditionary Learning Charter School

“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 determination of our executive director's salary, senior director of external affairs, senior director of finance and head of school salary was determined by using salary bands approved by a committee of internal staff members as well as the board. The compensation was determined through research from other schools and similar sized organizations. For the executive director, the board of directors reviews the compensation annually and determines any updates following an annual review. This process was undertaken in april 2022 and was presented to the board in march 2022. This process was also 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.”

“The organization contracted with a professional employer organization (peo) for services, including but not limited to, payroll, timekeeping, employee benefits, hr administration and workforce regulatory compliance needs. As the employer of record for tax purposes, forms w-2 and w-3 are issued by the peo and filed under the peo's federal ein. In this co-employment arrangement, the organization is the common law employer and, accordingly, compensation is reported on form 990, part vii, section a and part ix, lines 5-10.”

“Loss on disposal of property & equipment -17,395. Laptop recycling - prior year adjustment -600.”

“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.”