Citizens of the World Charter School

“The sole member of the corporation shall be citizens of the world charter schools, inc., a california non-profit corporation authorized to do business in new york (the "member"). The board of directors of the member shall exercise the member's membership powers, rights and privileges.”

“The member shall have all powers, rights and privileges accorded members of not-for-profit corporations in the new york not-for-profit corporation law (the "n-pcl"), including, but not limited to the right to appoint or remove persons who serve on the board of the school (the "board").”

“A majority of the trustees may adopt, amend or repeal these by-laws subject to approval by the charter entity. In addition, the sole member can approve any merger, consolidation, sale of substantially all assets, liquidation or dissolution.”

“Form 990 is reviewed by management and the finance committee of the board of trustees for approval. If changes are required the organization will then forward to the auditing firm and a final version will be distributed to all board members after the irs submission.”

“The conflict of interest policy is applicable to all trustees, officers and key employees. An interested person must disclose the existence of any potential or actual conflict of interests to the board or committee. After the interested person discloses all material facts, the individual shall leave the meeting while the determination of a conflict of interest is discussed and voted upon. The board minutes of the meeting shall disclose the name of the interested person, the conflict of interest, the names of the individuals at the meeting, and the result of the vote held by the board or committee. Annually, all interested persons shall sign a statement of affirmation stating that they have received a copy of the onflict of interest policy, and agree to abide by it.”

“The process for determining compensation for the organization's executive director and key employees (if any) includes the use of comparable data such as the form 990 of other organizations. The board of trustees reviews the collected data and votes on the compensation. The process last occurred in 2018, and is documented in the minutes of the board.”

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

“Loss on write off of property and equipment -314,560. Write off of accounts receivable -12,274. Dissolution expenses -102,276.”

“The organization has a finance committee that is responsible for oversight of the audit and selection of the independent auditor. This process has not changed from prior year.”