Valor Collegiate Academies

“There are no committees formed.”

“The 990 is reviewed by the ceo.”

“Conflict of interest policy - 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 with board delegated powers considering the proposed transaction or arrangement. Determining whether a conflict of interest exists. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists. Procedures for addressing the conflict of interest. A. An interested person may make a presentation at the board or committee meeting, but after the presentation, he/she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest. B. The board or committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. C. After exercising due diligence, the board or committee shall determine whether the corporation can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest.”

“The board does an annual performance review. The board looks at comparable data from a compensation study for charter schools to approve appropriate compensation rates. The ceo performs annual performance review. A compensation study of charter schools is used for establishing salary rates.”

“Valor bylaws and governance policy on website. 990 available upon request.”

“Recruiting: program service expenses 6,942. Management and general expenses 3,485. Fundraising expenses 0. Total expenses 10,427. Student activities: program service expenses 5,991. Management and general expenses 3,007. Fundraising expenses 0. Total expenses 8,998. Permits: program service expenses 1,887. Management and general expenses 947. Fundraising expenses 0. Total expenses 2,834. Telephone: program service expenses 2,380. Management and general expenses 247. Fundraising expenses 0. Total expenses 2,627. Postage and shipping: program service expenses 913. Management and general expenses 449. Fundraising expenses 0. Total expenses 1,362. Bank charges: program service expenses 0. Management and general expenses 1,298. Fundraising expenses 0. Total expenses 1,298.”