Core Districts

“Capitol impact, llc oversaw day to day management functions such as payroll and benefits administration up until january 2022. As of january 2022, core districts manages these functions internally and without capitol impact and has become its own employer. All of our employees, except our ceo are employed directly by core districts now. However, our ceo oversees the company and remains an employee of capitol impact, llc. Additionally, richard miller, core ceo, is 31.67% owner of capitol impact llc.”

“Before filed, chief business officer, brenda paredes, will review the return with richard miller, ceo.”

“Any director, principal officer, or member of a committee with governing board delegated powers is covered under the policy. Determinations of whether a conflict exists: after disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee shall decide if a conflict of interest exists.”

“While richard miller is not paid compensation by core districts, the contract to provide management and operational services by capitol impact, llc was reviewed and approved by the core districts' board of directors. The governing body does not approve compensation for other key employees. Core's chief business officer, chief of staff, and ceo research, review, and set compensation processes. Most of our key employees come from school districts. Historically, we have reviewed their compensation, and determined an appropriate amount based on their role. This process was last undertaken in 2022.”

“The organization does not make these available to the public.”

“Program services: program service expenses 1,132,314. Management and general expenses 230,516. Fundraising expenses 0. Total expenses 1,362,830. Other operating expenses: program service expenses 47,078. Management and general expenses 161. Fundraising expenses 0. Total expenses 47,239.”

“The organization has an audit committee that assumes responsibility for oversight of the financial statement audit, and this process has not changed from the prior year.”