Ilead Charter Schools

“The charter school is a member of a charter management organization - ilead schools development. They pay management fees and share some paid employees. See schedule r for more information.”

“There are no committees that have the authority to act on behalf of the board.”

“The form 990 is prepared by the organization's outside public accounting firm based on information provided by management. Once a draft of the return is available, it is reviewed by management with any changes or revisions incorporated into the filing. The revised return is then submitted to the board of directors for their review and approval prior to submitting to the irs.”

“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 considering the proposed transaction or arrangement. The board shall decide if a conflict of interest exists.”

“The executive director's pay is determined based on data provided by external charter management organizations and through comparison studies of other charter schools. The board must vote to approve the executive director's compensation as a direct action. The officers and key employees' pay is determine based on data provided by external charter management organizations and through comparison studies of other charter schools. The board must vote to approve the officers and key employees' compensation as a direct action.”

“These documents are available to the public upon request.”

“Other fees for service: program service expenses 755,940. Management and general expenses 1,625,083. Fundraising expenses 0. Total expenses 2,381,023.”