Stamford Charter School for Excellence Inc.

“Excellence community schools, inc. ("excellence"), an unrelated 501(c)(3) organization dedicated to helping start and run charter schools, provides administrative support services to the school. Excellence supports the school with professional development and instructional support.”

“The finance committee reviews the draft 990 before it is filed. The entire form 990 is emailed to all board members prior to filing with the irs.”

“The conflict of interest policy is distributed to officers, board members and key employees annually. After reviewing, board members and key employees fill out annual conflict of interest certification forms in which they disclose any conflicts of interest and prohibited excess benefit transactions. The director of finance is responsible for ensuring that all board members and key employees complete their forms and for reviewing the executed forms for any problematic conflict of interest.”

“The board of trustees approves the salary for the principal. The compensation for these positions must take into consideration the candidate or employee's years of experience and his or her ability to meet the standards set by bcse for the position. Once the salary is set, subsequent increases generally follow increases afforded to the rest of the staff. Acknowledgement of extraordinary performance are recognized through bonuses. The board uses applicable compensation surveys and 990's for non profits of similar size and complexity. This cross comparison provides some broader perspective to account for the emergence in charter schools of more stable and seasoned senior staff. The compensation for other management positions will be reviewed and approved by the education committee as follows: 1. The education committee reviews and approves the organizational chart of the school establishing lines of accountability. 2. The education committee verifies the evaluation processes and performance review procedures. 3. The executive director reviews comparative salary information or other comparable research using 990's to ensure that the salary structure of stamford charter school for excellence, inc. Continues to attract and maintain quality employees. 4. The finance committee and board of trustees approves compensation for the "key employees/highest compensated individuals" based on recommendations made by the executive director and principal. 5. Contemporaneous substantiation and recordkeeping for deliberation and decision regarding the compensation arrangement was made.”

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

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

“The process is consistent with prior year.”