North Carolina Charter Educational

“The foundation has formal agreements with charter schools usa to manage, staff, and operate the schools. The agreement states that csusa shall be entitled to cost reimbursements and management fees for its services, subject to the availability of funds. The fee is subordinated to all bond payment requirements.”

“Form 990 is reviewed by the board finance committee and is provided to the full board.”

“The conflict of interest policy is reviewed with the board each year. Any conflicts, or potential conflicts of interest, are reviewed and resolved by the board. Written disclosures are required for any potential conflict of interest.”

“Compensation decisions are made based on similar pay scales for educators in the state of north carolina and on experience. The board reviews and approves all salary decisions and recommendations by management. Compensation of key employees is approved by the board of directors and is based on comparability data and performance.”

“Governing documents, school policies, and financial statements are available for viewing by the public at the organization's office upon request within 14 days, permitting access.”

“Form 990 is being amended to report the correct board of directors listing on form 990, page 7, part vii, the correct number of voting members and independent voting members on form 990, page 6, part vi, section a, lines 1a and 1b, the correct website for our organization on form 990, page 1, section j, and the correct principal officer on form 990, page 1, section f. The updated board of directors listing reflects the accurate names, titles, and voting rights for the individuals serving on the organization's board during the fiscal year july 1, 2023, to june 30, 2024. The previous board listing was outdated and not accurate. The number of voting members on form 990, page 6, part vi, section a, line 1a has been updated from 7 to 6, and the number of independent voting members on line 1b has been updated from 7 to 6. Both lines now reflect the accurate numbers as of the end of the tax year. The correct website has been updated to ensure the public has access to the accurate site for our organization, as the previous website listed is inactive. The public can navigate to www.langtreecharter.org and go to "school info and then "board of directors" to view information on the organization or access it directly at https://www.langtreecharter.org/apps/cross.jsp?wrec_id=4947&crosspath=/a pps/pages/index.jsp%3furec_id%3d560345%26type%3dd additionally, the principal officer has been updated from wayne turner, who is no longer on the board, to james fonseca, the current board president.”