Friends of California Virtual Education

“Form 990, part iv, line 3 - management delegated friends of california virtual education has a shared services agreement in place which includes the sharing of school staff and various other expenses between a network of charter schools. This agreement involves three non-profit public benefit corporations: capistrano connections academy, alpaugh academies, and friends of california virtual education. The corporation has also contracted with a third party organization (connections academy of california, llc, a subsidiary of connections education, llc) to provide educational products and services to the school. Due to delays in the receipt of state funding, the school has arranged with connections education to process its paroll including the paying of school staff which requires the use of connections education, llc's ein number. As part of this arrangement, the school reimburses connections education for paying staff as funding becomes available. As all staff members are reported on the school's behalf using the ein of connections education, llc, no employees are listed as part of this return.”

“The authorizing district has the power to appoint a district representative to the board, however, this right has not been exercised.”

“The 990 is distributed and reviewed by the board prior to submisison. The board may delegate this function to the finance/audit committee, but currently that committee is comprised of the full board.”

“Form 990, part vi, line 12c - enforcement of conflicts policy all designated filers submit a form 700 annually to the school filing officer. As required, the majority of the required forms are also submitted to the code reviewing body. Forms 700 are available to the public upon request.”

“Compensation process for top official prior to approval of annual salary for the executive director (if salary is being changed) a review of comparable salaries in the area is prepared and subitted for review to the board members, who then review, discuss and approve the executive director's compensation package during a publicly noticed meeting.”

“Governing documents disclosure explanation since the corporation is a public agency, all governing documents board policies, meeting minutes, agendas, meeting packages of backup materials, etc, are public records and an electronic copy of each is kept as well as paper copies at the school site. There is a public records policy (policy available upon request) regarding how to and from whom to make a request for these documents.”

“The school's board of directors assumes responsibility for the oversight of the audit of its financial statements and selection of an independent accountant.”