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 $88,652 for these services in fiscal year 2020.”

“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 and officers as part of their regular meetings. Officers, directors, and key 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. 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 2019 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.”

“Write off of asset -3,787.”

“The school has a finance committee that is responsible for oversight of the audit and selection of the independent auditor.”