Sage Oak Charter School

“There are no committees that can act on behalf of the board.”

“The form 990 is prepared by the organization's outside public accounting firm based on information provided by management. Once a draft of the return is available, it is reviewed by management with any changes or revisions incorporated into the filing. The revised return is then submitted to the board of directors for their review and approval prior to submitting to the irs.”

“Monitoring is performed regularly by the officers to identify potential conflicts of interest. Any question of a conflict is addressed with the interested person, who is required to disclose the existence of any financial interest and be afforded the opportunity to disclose all material facts to the board and ceo/superintendent. If a conflict of interest is identified, the appropriate action is taken, including limitations to the individual's influence on related business matters.”

“The ceo/superintendent's pay is determined based on data obtained through comparison studies of similar sized organizations and other charter schools. The board must vote to approve the ceo's compensation as a direct action. The officers and key employees' pay is determined based on data obtained through comparison studies of similar sized organizations and other charter schools. The board must vote to approve the ceos compensation as a direct action. The process described here was last completed in 2024.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available upon request.”

“Sped consultants and vendors subagreements for service: program service expenses 352,949. Management and general expenses 7,223. Fundraising expenses 0. Total expenses 360,172. Professional services - non-instructional: program service expenses 93,202. Management and general expenses 1,907. Fundraising expenses 0. Total expenses 95,109. Student services fee: program service expenses 8,352. Management and general expenses 171. Fundraising expenses 0. Total expenses 8,523. Instructional funds - services: program service expenses 6,199,218. Management and general expenses 126,859. Fundraising expenses 0. Total expenses 6,326,077. Other consultant and services: program service expenses 95,178. Management and general expenses 1,948. Fundraising expenses 0. Total expenses 97,126.”

“The process for oversight and selection of an independent accountant has not changed from the prior year.”