Star of the North Academy

“The organization delegates some management duties to students prepared to succeed - a contract service provider. As part of this arrangment, eman ibrahim is contracted to be the executive director of the organization. She is paid through that organization.”

“Board elections - parents and legal guardians of enrolled children, staff members employed by the school and volunteers certified by the board are eligible voters.”

“Form 990 is reviewed by the executive director and business manager prior to filing with the irs. The board will receive a final copy.”

“The conflict of interest policy is discussed by the board on a regular basis.”

“The personnel subcommittee of the board of directors shall make recommendation to the full board of directors for the compensation of the executive director position. The executive director or designee shall make recommendation to the full board of directors for the compensation of all other positions. The compensation of each person is reviewed and approved by the board of directors or the personnel subcommittee of the board of directors, provided that persons with conflicts of interest with respect to the compensation arrangement at issue are not involved in this review and approval. The compensation of the person is reviewed and approved using data as to comparable compensation for similarly qualified persons in functionally comparable positions at similarly situated organizations. There is contemporaneous documentation and recordkeeping with respect to the deliberations and decisions regarding the compensation arrangement.”

“The governing documents, conflict of interest policy, and financial statements are available to the public upon request.”

“Per mn statute 124e.07, charter schools are required to have licensed teachers as members of the board of directors. Zeenat ahmed is a board members but received compensation for services as a teacher.”

“Student transportation: program service expenses 530,426. Management and general expenses 0. Fundraising expenses 0. Total expenses 530,426. Other professional services: program service expenses 326,764. Management and general expenses 52,451. Fundraising expenses 0. Total expenses 379,215. Food service: program service expenses 156,442. Management and general expenses 0. Fundraising expenses 0. Total expenses 156,442.”

“Pension liabilities, deferred outflows & inflows pension: as a charter school in the state of minnesota, participation in two multiple-employer, cost-sharing defined benefit pension plans is statutorily required. The school's contributions to the plans are also regulated by statute and are based on a percentage of salaries and wages earned by current employees. Therefore, while the net pension liability, deferred outflows and inflows, are reported on the school's statement of net position, the school is not in a position to directly control the liabilities or the subsequent liquidation of the liabilities.”

“Gasb 68 - pension adjustment 1,990.”