The Educator Academy Inc

“Form 990 is first reviewed by charles king, chief executive officer, and beth benkert, chief operating officer. The 990 is then sent to the full board for review and approval and any board member questions are discussed via email or during board meetings.”

“Educator academy enforces compliance with the conflict of interest policy by having all employees and board members complete a conflict of interest form for them and their families, along with embedding the policy in the employee handbook where it is signed annually.”

“Compensation is determined based on a thorough compensation study done by an external consultant. The latest compensation survey was completed on april 5, 2024. The board and chief executive officer then determine a compensation philosophy to enable ea to attract high quality talent to help them reach the goals that have been set by the organization and that contribute to the mission of the organization. Using those two pieces of information, the chief executive officer recommends current salaries and the board approves.”

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

“The organization's financial statements have been prepared on the modified cash basis of accounting, which differs from accounting principles generally accepted in the united states of america. Under this method of accounting, resident agreement and scholarship payments are reflected as an expense on the statements of activities and changes in net assets - modified cash basis and the statements of functional expenses - modified cash basis in the year the payment is made to the resident and the scholar. All other elements of the financial statements are maintained on an accrual basis of accounting in accordance with accounting principles generally accepted in the united states of america.”

“The organization has a committee that assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant. This process has not changed from prior year.”