Acero Marquez Campus Inc

“The organization's executive committee is composed of the officers and not more than two additional directors designated by the board of directors. During the intervals between meetings of the board of directors, the executive committee has and may exercise all of the authority and powers and perform all of the duties of the board of directors in the management of the business and affairs of the organization, to the fullest extent permitted by law, the by-laws and the resolutions of the board of directors, and shall have and may exercise such further specific powers as may from time to time be conferred upon the executive committee by resolution of the board of directors. The executive committee shall have no power or authority of the board of directors with respect to the following matters: (i) amending or repealing these by-laws or adopting new by-laws; or (ii) amending or repealing any resolution of the board of directors. All actions taken by the executive committee shall be subject to revision or alteration by the board of directors.”

“The organization delegates control over management duties to acero charter schools, inc. The treasurer of the corporation and cfo of acero performs accounting services related to cash receipts, disbursement, general ledger maintenance and reconciliations. The corporation has limited transactions which are repetitive in nature and are mostly related to the collections of rents and making payments to satisfy debt and reserve obligations. Those officers, directors and/or former board members are listed in part vii, section a. There were no amounts paid to acero for its management services.”

“According to the by-laws, the corporation is operated, supervised, or controlled by acero charter schools, inc. Furthermore, at all times hereto, the majority of the directors shall be appointed by the board of directors of acero charter schools, inc.”

“The treasurer presents a final draft form 990 to board members prior to its filing.”

“The organization's conflict of interest policy covers directors, principal officers, and members of committees with governing board delegated powers who are required to annually sign a statement to act in compliance with the policy. The organization performs periodic reviews to ensure that operations are consistent with the exempt purpose. In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with governing board delegated powers considering the proposed transaction or agreement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/ she shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists. The minutes of the governing board and all committees with board delegated powers document any proceedings related to disclosures and actions taken.”

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

“The board of directors assumes responsibility for oversight of the audit of its financial statements and the selection of an independent public accountant. Acero marquez is in the process of dissolving and has had minimal activity, therefore has not needed an independent audit for 2024.”