El Paso Leadership Academy

“THIS FORM 990 AND SUPPORTING SCHEDULES WERE DISSEMINATED VIA EMAIL BY BUSINESS MANAGER, EMILY LEVARIO, TO ALL MEMBERS OF THE BOARD OF DIRECTORS OF EL PASO LEADERSHIP ACADEMY FOR THEIR REVIEW. EACH DIRECTOR REVIEWED THE FORM 990 AND SUPPORTING SCHEDULES AND DISCUSSED THE FORM AND ANY CHANGES THAT NEEDED TO BE INCORPORATED AT THE FOLLOWING MONTHLY MEETING OF THE BOARD. A MOTION WAS MADE TO APPROVE THE FORM AND TO AUTHORIZE Emily Levario, Business Manager, TO FILE THE FORM 990, AND SUPPORTING SCHEDULES ON BEHALF OF EL PASO LEADERSHIP ACADEMY.”

“While a formal review of conflict of interest occurs during the annual board meeting in August, the board consistently meets on a monthly basis and any conflict of interest is brought to the board's attention during monthly board meetings.”

“THE COMPENSATION OF THE ORGANIZATION'S CEO, COO, AND Business Manager WAS DISCUSSED, REVIEWED, AND APPROVED BY THE BOARD OF DIRECTOR'S WHEN APPROVING THE BUDGET FOR THE YEAR. THE COMPENSATION AMOUNTS WERE SET USING COMPARABILITY DATA FOR SIMILIAR ROLES IN PUBLIC SCHOOLS AS WELL AS OTHER NON-PROFIT ORGANIZATIONS IN EL PASO, TEXAS.”

“the charter, as approved by the state of texas, for el paso leadership academy is available for the public to read and review on the Texas Education Agency website. All other governing documents, policies, procedures, and financial information is made available to the public upon request.”

“El paso leadership academy 1918 texas avenue el paso, tx 79901 employer identification number: 45-5571815 for the year ending august 31, 2016 el paso leadership academy is making the de minimis safe harbor election under reg. sec. 1.263(a)-1(F).”

“El Paso Leadership Academy [EPLA] is proud to work and partner with Charter School Success [CSS], the preeminent financial support organization for Texas charter schools. Through OUR working relationship with CSS, EPLA was provided the names and contacts of a handful of highly capable, reputable and experienced financial accounting firms that have had a great deal of experience working with Texas charter schools on their financial audit. We considered experience, knowledge of the Texas Education Agency (TEA) process and the TEA financial compliance metric, "Charter First," when making a decision. After research and deliberation, the board of directors as well as EPLA chose Bennoch & Walker to conduct THEIR yearly audit. Moving forward, EPLA hopes to continue this relationship with Bennoch & WALKER to perform THE yearly audits.”

“During the fiscal year ended August 31, 2016, the Academy noted an error in the previous year's accrued payroll liabilities and payroll expense. The accrued payroll liabilities and payroll expense were overstated by $25,000. The Academy recorded a prior period adjustment to retroactively restate the account balances by decreasing accrued payroll liabilities and decreasing payroll expense in the amount of $25,000. The adjustment had no effect on the current years change in net assets.”